There's a phrase for a concept you've probably thought of before, but not heard it until right now.

And it's the idea that you retire or retire early, get unlucky because markets don't perform well,

and then you have to go back to work. And what we want to do is protect against that. And we call that

sequence of return risk. Now, a lot of advisors will call it that sequence of return risk,

because it sounds smart and it sounds like we know what we're talking about when in reality, put simply in plain English, it's this concept that you retire, you just get unlucky, and now you have to go back to work because markets didn't perform well. These are especially during the years where you're withdrawing more out of your portfolio. And I've seen real examples of when this has occurred. And we're going to be talking about that in today's episode. And I do say we, because these do feel like conversations, we're going to certainly get into the general format of the show where I'll talk about a little bit of a story so you can understand where I'm coming from, go through an example and then finally hit you with the financial logic for it.

So we are going to get started in just a second.

The review of the week that I will go over today, I have two.

The first one is a fun one because it's actually a hate comment.

And I haven't brought up a hate comment before, but sometimes I like doing it only because

there are a lot of other podcasts that I

personally listen to. And when they do that, it just adds another layer of authenticity. So

hopefully this is helpful for all of you, but this one comes from Jeff and he says, I can use

his name. It says, Ari, you look about 14 years old. Why should I be taking financial advice from you?

What do you possibly know when it comes to

retiring early if you're nowhere near it? So, Jeff, thank you for your comment. I appreciate all

comments. What I will say to that, Jeff, is I of course have not retired early, but I bet you will not

find someone that loves this stuff as much as me. And it's because my parents were burned by

multiple financial advisors. It's the reason I became an advisor. And it's because my parents were burned by multiple financial

advisors. It's the reason I became an advisor. And now I've helped over a million people retire early

with confidence. And I am the meanest early retirement advisor. I don't let anyone retire too early.

So although I haven't retired early, Jeff, you may have heard it in a previous episode or maybe you

haven't. But my definition of an early

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