The shockingly un-simple math behind retirement safe withdrawal rates, with Karsten Jeske, PhD (Part 2)

#36: Last week, we dove headlong into the wonky but uber-crucial topic of retirement safe withdrawal rates. My conversation with Karsten Jeske, PhD – a former professor, Fed economist, quantitative finance researcher, and early retiree – focused last week on sequence of returns risk and how to estimate your safe withdrawal rate in early retirement. Our conversation was so action-packed that I had to break it up into two episodes, so this week we continue our discussion and focus on how to mitigate sequence of returns risk during early retirement. We discuss:How to adjust your withdrawal rate and rebalance your portfolio in response to market conditionsHow to critique the common advice that the returns risk in the first 10 years of retirement determine success or failure in all retirementWhy sequence of returns risk is a “zero sum game” between retirees vs. savers, and why investing strategies for these two groups should therefore inversely mirror each otherConcrete actions investors can take, during their accumulation phase and during retirement, to reduce sequence of returns riskHow early retirees can use rental real estate to reduce sequence of returns riskWhat is the lowest historical safe withdrawal rate that entirely eliminated sequence of returns riskHow coronavirus might impact your safe withdrawal analysis and early retirement prospects What actions do you plan to take to fortify your safe withdrawal rate? What other questions about safe withdrawal rates and sequence of returns risk do you have? Let me know by leaving a comment when you’re done. Don"t miss an episode, hit that subscribe button... If you liked this episode, be sure to subscribe so you don’t miss any upcoming episodes!Apple PodcastsSpotifyGoogle PodcastsStitcher I need your help, please leave a listener review :) If you liked this episode, would you please leave a quick review on Apple Podcasts? It’d mean the world to me and your review also helps others find my podcast, too! Links mentioned in this episode:Early Retirement Now Safe Withdrawal Rate SeriesHYW private Facebook community  Intro/Outro: Old Bossa by Twin Musicom.