Can one retire early if they have the ability to significantly cut back on discretionary spending during retirement if they must? A recent article on the MadFientist blog claims that following a Discretionary Spending Rule in retirement can significantly increase a retirees Safe Withdrawal Rate. And with a higher SWR, one can retire early.

Karsten Jeske (Big ERN) of Early Retirement Now responded with his own article. He called flexibility in retirement a myth, and detailed why he thinks the Discretionary Spending Rule won't work.

In this video I give my take on both articles. We also look at a free Safe Withdrawal Calculator you can use to model your own retirement plan.

Join the newsletter: https://robberger.com/newsletter/?utm...

————————————
Video Resources
————————————
MadFientist: https://www.madfientist.com/discretio...
Big ERN: https://earlyretirementnow.com/2023/0...
Free Calculator: https://docs.google.com/spreadsheets/...

————————————
Investing Tools
————————————

My Book (Retire Before Mom and Dad): https://amzn.to/2MsRJ9B
Personal Capital (Investment Tracking, Retirement Planning): https://go.robberger.com/personal-cap...
New Retirement (Retirement Planner): https://go.robberger.com/new-retireme...
Stock Rover: https://go.robberger.com/stock-rover/...
M1 Finance $30 Bonus (IRA & Taxable Accounts): https://go.robberger.com/m1finance-bo...

————————————
Credit Cards & Banks
————————————
My Favorite Credit Cards: https://www.allcards.com/best-credit-...
My Favorite Online Banks: https://www.allcards.com/best-online-...

————————————
Popular Videos
————————————
1️⃣ How to Create a 3-Fund Portfolio:    • How to Create a 3 Fund Portfolio | A ...  
2️⃣ How I Manage 28 Accounts in One App:    • How I Manage 28 Financial Accounts in...  
3️⃣ 7-Step Financial Checkup:    • A 7-Step Annual Financial Checklist f...  

#earlyretirement #4percentrule #robberger

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

LET'S CONNECT

Youtube:    / @rob_berger  

Facebook:   / financialfreedomguy  

Twitter:   / robert_a_berger  

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.