Part 2: How to Execute an Early Retirement – Secrets of an Ex-banker

Part-How to Execute an Early Retirement

This is part 2 of the series on how to execute an early retirement, with financial planning veteran John Kalos. You can view part 1 of the series here.

You can stream or download the entire episode below. For more information on this episode and series, along with all the resources and questions covered, view part 1 of this series.

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  • Patrice Leblanc

    February 26, 2018

    There are other ways to reduce “risk” than go with bonds after retirement. I believe that increase cap, smoothing and reserve can go a long way in reducing risk while maintaining a higher equity allocation. The transition from pre to post retirement should not go hands in hand with having a more conservative portfolio. A person with high risk tolerance, doesn’t become low risk tolerance because of withdrawing from his fund. Bonds reduce the short term volatility of the rate of return and the rate of return. In the long run, reduced rate of return can be more devastating than short term volatility. In the end, having lower rate of return will reduce withdrawing ability by as much as 50% if you compare the extreme.

    Given an early retiree long life spend, going with a perpetual fund seems more in line. I would point out to my new study that provides a better solution to withdrawing.

    It removes the risk of ruin. It is self adjusting if too conservative or aggressive assumption are used. It reduces the sequence of return risk. It removes the hyperinflation risk. It reduces short term volatility.

    • By Kornel Szrejber

      February 27, 2018

      Thanks for sharing your study with everyone Patrice. I look forward to giving it a read.

      • Patrice Leblanc

        March 5, 2018

        If you have any comment on it, I would be please to receive them. As an independent researcher, it’s difficult to get comment on it.

        If any one wants to get the Excel spread sheet behind the strategy feel free to ask. They are not user friendly as of yet, but are fun to dig into the fun rabbit hole that is the decumulation.