Beyond the 4% Rule: Smarter Strategies for Financial Independence with Karsten Jeske

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 21 August 2024

⏱️ 93 minutes

🔗️ Recording | iTunes | RSS

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Summary

#189: Learn to master retirement market risks and safe withdrawal rates with finance expert Karsten Jeske. We explore key strategies like the 4% rule, sequence of return risk, and delve into roles of taxes, annuities, inflation protection, portfolio allocation, and even the psychological aspects of retirement planning. Karsten Jeske is the founder of Early Retirement Now, a blog where he shares his expertise in retirement planning, safe withdrawal rates, and financial independence. He has a PhD in economics and is a Chartered Financial Analyst. Link to Full Show Notes: https://chrishutchins.com/how-to-retire-early-karsten-jeske Partner Deals MasterClass: Learn from the world's best with 15% off Bilt Rewards: Earn the most valuable points when you pay rent Daffy: Free $25 to give to the charity of your choice DeleteMe: 20% off removing your personal info from the web Fabric: Affordable term life insurance for you and your family For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals Resources Mentioned Karsten Jeske: Blog | X | LinkedIn Safe Withdrawal Rate Series Part 14 & Part 15: Sequence of Return Risk Part 28: Free DIY Withdrawal Rate Toolbox Part 35: Asset Location Part 43: Pre-Retirement Glidepaths Part 61: Safety First Blog Post: Stealth Frugality Shiller CAPE Ratio Alpha Architect 1-3 Month Box ETF: BOXX Blog For Tax Optimization: Go Curry Cracker ATH Podcast: Ep #2: Financial Independence Without a Six Figure Salary with Brad Barrett Ep #141: The Spectrum of Financial Independence and Tools to Track Your Progress with Brad Barrett Follow & Review on Apple Podcasts Email us for questions, tips, deals and feedback Full Show Notes (00:00) Introduction (02:00) Should Everyone Retire Early? (05:09) The Rule of 4% as a Guideline (09:46) The Role of Longevity in the 4% Rule (12:46) Using Historical Data for Retirement Simulations (19:11) Sequence of Return Risk: What It Means & What to Do About It (23:51) Strategies to Mitigate the Sequence of Return Risk (30:41) The Flexibility of Safe Withdrawal Rates (37:49) How to Adjust Withdrawal Rates Based on Current Market Conditions (45:53) The Reverse Glide Path Strategy (49:30) The Impact of Inflation on Retirement Planning (57:03) Evaluating Annuities (59:40) Ways to Consider Tax Optimization Strategies (1:04:29) How to Think About Portfolio Allocation During Accumulation (1:12:25) The Role of International Diversification in Equity Allocation (1:16:57) Karsten's View on Tax Loss Harvesting (1:20:34) Asset Location (1:22:35) Is Adding Leverage to Your Equity Worth It? (1:26:41) Advice for Someone Early in the Accumulation Phase (1:28:27) Stealth Frugality (1:29:39) How Do People Spend During Retirement? Connect with Chris Newsletter | Membership | Twitter | Instagram | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Transcript

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0:00.0	Imagine retiring early and living comfortably for decades without running out of money.
0:07.0	It sounds like a dream, right? Well, today we're going to demystify the secrets of smart retirement planning that go far beyond the commonly touted 4% rule.
0:16.1	Whether you're aiming for early retirement or you just want to secure a worry-free future,
0:20.5	these strategies will help you navigate the complexities of safe withdrawal rates and market risks.
0:25.0	I'm Chris Hutchins. This is all the hacks, a show about upgrading your life, money, and travel,
0:30.0	and today I am joined by Carston from early retirement now.
0:34.0	So let's get into it right after this.
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1:47.6	You say that people can't afford not to retire early.
1:53.4	Is that message really for everyone?
	...

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