Let’s start by criticizing my own approach: obtain FI status (passive income that cover expenses) via investing in a low cost, diversified portfolio of index funds during accumulation phase, and withdrawing from it during the “retirement” phase in a sustainable way fort he rest of my life.

There are many unknowns here: how long will I live? What’s my desired spending level? What to invest on? Which percentage of my portfolio is “sustainable”?

We all agree that “how long will you live?” is a question we want to answer as optimistically as we can (as humans, not as retirement planners!), so we try to set up a system that works “forever”. Problem solved! Yay! Except that history doesn’t progress in a linear way, and we’re all survivors of a sequence of many Black Swan events.

Read the full post on: Retire in Progress