In this episode of the Redefine Retirement podcast, host Ryan Wheless interviews Karsten Jeske, known as Big Ern from the Early Retirement Now blog, a former economist with a PhD, CFA charter, and experience at the Federal Reserve and BNY Mellon managing assets for institutions like pension funds and endowments. Jeske shares his journey to financial independence, retiring at 44 alongside his wife at 35, while maintaining a part-time blog, advisory business, and options trading strategy that generates extra income through sophisticated approaches like naked puts and calls with risk controls. The conversation delves into the pitfalls of the rigid 4% safe withdrawal rule, advocating for personalized rates influenced by market valuations, age, horizons, Social Security, pensions, and potential longevity risks, often allowing higher withdrawals for early retirees with supplemental income streams. They emphasize enjoying life through travel and family time over excessive saving, debunking myths around opportunity costs, and offer insights on optimizing Social Security claims (e.g., delaying for higher earners in couples), tax strategies like Roth conversions to equalize brackets, and cautious views on alternative investments such as private credit and equity for smoothing volatility but requiring thorough due diligence.Check out the Early Retirement Now blog at: https://earlyretirementnow.com/Subscribe to our YouTube Channel: ⁠⁠https://www.youtube.com/@alliedwealthFollow Allied Wealth on Instagram: https://www.instagram.com/allied_wealth/?hl=enVisit the Allied Wealth website to learn more: https://alliedwealth.com/PRODUCED BY IRONCLAD

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