Instead of sharing my random thoughts all typed out from my brain, I am posting a quickly-needed podcast episode I recorded with my buddy in our stateroom on the FinTalks Alaska cruise, so Chris wouldn’t have to post a rerun.
I would say 1) listen at your own risk. All kinds of random, crazy comments are made. 2) The preparation for this episode took less than 3 minutes because it was “what are you thinking, right now,” in the middle of this FI Family adventure.
When calculating the ability in retirement to spend some of your hard earned money that you deferred for future use, we often are concerned with “market risk” labeled as Sequence of Return Risk.
Yesterday, I was talking with Becky Heptig (from Catching Up To FI and Started At 50) about the opposite SORR.
We talked about the past decade plus of Sequence of Return REWARDS. SOR REWARDS
We talked about using those rewards for life-enhancing amazement.
This is almost exactly the same conversation I had with Mark Trautman in 2021, which created our Fun Buckets for spending.
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