[xenospn]

Cheap stocks. Nothing wrong with that! Just keep on buying index funds and you’ll do just fine.

[stvltvs]

Assumes a long runway before retirement.

[xenospn]

Only if you sell your entire portfolio on the day you retire.

[stvltvs]

Ignores sequence of returns risks.

Yes there are ways to soften the blow of poor performance during early retirement, but it's still bad news for anyone relying on their 401k.