In this episode of the Retire Stronger podcast, host John Foard and Bill Kearney delve into the critical concept of sequence of return risk and its implications for retirement planning. They explain how the order of investment returns can significantly impact a retiree’s portfolio, especially during the early years of retirement when withdrawals are being made. The discussion includes illustrative examples comparing two couples with identical portfolios but different sequences of returns, highlighting the stark differences in their financial outcomes. The hoses also explore strategies to mitigate this risk, emphasizing the importance of portfolio structure and the need for proactive adjustments to withdrawal strategies. They encourage listeners to consult with financial advisors to assess their exposure to this risk and to take informed steps in their retirement planning.