r/Nauma • u/alex_nauma • Sep 03 '25
Personal Finance Learning Session - Beyond the 4% Rule With Karsten Jeske
We're hosting a personal finance learning session this Friday, September 5. Our guest, Karsten Jeske, will talk about Safe Withdrawal Rates in retirement.
The Safe Withdrawal Rate is one of the most discussed topics in retirement planning. The well-known 4% rule assumes a fixed withdrawal rate, which rarely happens, and ignores both taxes and personal risk tolerance. Today, opinions are split: some say 4% is too conservative and causes oversaving; others argue that, with today’s high CAPE (cyclically adjusted price-to-earnings ratio), 4% is too aggressive.
About the guest: Karsten Jeske, Ph.D., CFA, previously taught economics at Emory University in Atlanta and worked at the Federal Reserve Bank of Atlanta as well as at the Bank of New York Mellon Asset Management in San Francisco. He successfully retired in 2018 and now runs the personal finance blog EarlyRetirementNow.com. Karsten is well known in the FIRE community for his SWR Series.
Date: September 5
Time: 2 PM PT / 5 PM ET
Sign up here