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Blogger Profile


Ern

Blog Info

Name:
Early Retirement Now
Category:
Early Retirement
Tags:
Investing, Real Estate
Start Year:
2016

Blogger Bio

Net worth:
Location:
New York, United States
Age:
40s
Race:
White
Gender:
Male
Life stage:
SIK (Single Income, Kids)
Profession:
Financial Analyst

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Latest Blog Posts

Welcome back to our series on Safe Withdrawal Rates. This is already the 17th installment! See Part 1 here and make sure you also check out the Social Science Research Network Working Paper we posted on the topic, now with 2,000+ downloads! In any case, if you have followed the series so far you must have noticed that we are no fans of the 4% Rule and much of what we posted ...
Posted: Jul 19 2017 @ 9:00 AM
Note that I didn’t say “screwed” but skewed. Well, it wouldn’t have made a difference because today’s post is about how we get screwed by skewness.  But I’m getting ahead of myself. The other day I asked myself why would anyone buy lottery tickets? The return profile is atrocious! The average payout is probably only about 50% of the money raised. In a hypothetical lottery with a one in a million chance for ...
Posted: Jul 12 2017 @ 9:45 AM
Welcome back to the Early Retirement Now blog! I hope everybody had a safe and relaxing Fourth of July holiday. And if you don’t live in the U.S. and had to go to work yesterday we hope you had a nice Fourth of July, too! We are currently on vacation in Paris and I am sure even here I smelled some barbecue in the air yesterday, so folks seem to ...
Posted: Jul 05 2017 @ 9:30 AM
Fritz at The Retirement Manifesto suggested we start a series covering how different FIRE bloggers plan to implement their drawdown strategy. I realize we are a bit late to the party given how many fellow bloggers have already contributed: The Anchor: Physician on FIRE: Our Drawdown Plan in Early Retirement Link 1: The Retirement Manifesto: Our Retirement Investment Drawdown Strategy Link 2: Othala: Retirement Master Plan Link 3: Plan Invest Escape (PIE): Planning for Success: Drawdown versus Wealth Preservation in Early ...
Posted: Jun 28 2017 @ 8:57 AM
Welcome! Today is a premiere! Our first case study for a fellow FIRE planner “John Smith” (not his real name) who asked me if I can look into his early retirement plan, run some numbers and check whether he can retire already. John and his wife have done a phenomenal job and reached the “millionaire club” in their thirties! Congrats! I should also state that I don’t consider this any competition ...
Posted: Jun 21 2017 @ 9:30 AM
Surfing around in the personal finance blogging and podcast world, there is no shortage of advice. Mostly good advice and some not so good advice. Oftentimes, advice that may be appropriate for some or even most investors would be completely inappropriate for others due to different risk aversion attitudes, investment horizons, and so on. Occasionally, however, I come across examples of truly and irredeemably bad advice. Recommendations that are suboptimal under any and ...
Posted: Jun 14 2017 @ 9:40 AM
A while ago I read that Jack Bogle predicts that equities will return only 4% over the next decade. And that already includes dividends and it’s nominal, not real! People call me pessimistic with my equity return assumption for stocks, but good old Jack takes it down another notch. Here’s the quote, reproduced on CNBC: “Just for mathematical reasons, the dividend yield is 2 percent, a little under 2 percent in ...
Posted: Jun 07 2017 @ 9:47 AM
[It’s a pleasure to introduce Laur (Lauren) Davidson today. Laur is a senior at the University of Pennsylvania majoring in English and Communications. She wants to build a portfolio as a freelance writer and agreed to write a guest post for us – perfect timing because the ERN family is on vacation this week! The post is on a very timely topic: student loans and how they threaten even the ...
Posted: May 31 2017 @ 10:00 AM
Welcome back to our Safe Withdrawal Rate Series! Last week’s post on Sequence of Return Risk (SRR) got too long and I had to defer some more fun facts to this week’s post. Again, to set the stage, I can’t stress enough how important Sequence of Return Risk is for retirement savers. In fact, after doing all this research on safe withdrawal rates (start series here, and also check out ...
Posted: May 24 2017 @ 10:00 AM
This is a long overdue post considering how much we’ve written about safe withdrawal rates already. Sequence of Return Risk, sometimes also called Sequence Risk, is the scourge of early retirement. Or any retirement for that matter. So, here we go, finally, we have a designated post on this topic for our Safe Withdrawal Rate series (check here to go to the first post and also make sure you download Big Ern’s SSRN working paper ...
Posted: May 17 2017 @ 10:12 AM

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