 | | 
11-03-2009, 06:22 PM
|
#1 | | Full time employment: Posting here.
Join Date: Nov 2006
Posts: 519
|
Got clued in to some sad news the other day about someone that the old timers here will recognize. I am always sad to hear of the passing of one in our current circle of acquaintances, even if that knowing was only 'virtual' through the web.  Quote: John Russell
October 27, 2009
CRESTVIEW, FL - John Walter Russell, 63, of Crestview, FL, died Tuesday, October 27, 2009. Arrangements by Bailey-Kirk Funeral Home in Princeton.
| BAILEY-KIRK FUNERAL HOME
If you don't smoke; don't start.
If you do smoke; quit.
DRiP Guy
| 
| |  | Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free! Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE! You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more! | |
11-03-2009, 06:50 PM
|
#2 | | Moderator Emeritus
Join Date: Feb 2004 Location: minnesota
Posts: 12,420
|
He was JWR1945 here. Hasn't posted in a few years. Too damn young. Thanks for letting us know.
__________________
.
Do not rely on the information provided--my posts are not to be taken as legal advice. Needless to say you must consult with your legal representative. I am not responsible for errors. If I offended you with cya I apologize. If I did not, I tried.
"Those who can make you believe absurdities, can make you commit atrocities.." -- Voltaire
| |
| | |
11-03-2009, 06:59 PM
|
#3 | | Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003 Location: Hooverville
Posts: 12,505
|
I am sorry to hear about his death. There are many very unpleasant ways to die, but emphysema has to be way up there.
He did the math on the "Retire on TIPS plan." He wrote like an engineer, but I read all his posts anyway.
RIP, JWR.
Ha
__________________
Eres mi luna, eres mi sol, eres mi noche de amor.
"Adoro", por Armando Manzanero | 
| | |
11-03-2009, 07:01 PM
|
#4 | | Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,585
|
RIP.
I know more who are in their 80s and 90s smoking than those who died this young.
Stop smoking.
__________________
grunt
| |
| | |
11-04-2009, 09:33 AM
|
#5 | | Thinks s/he gets paid by the post
Join Date: Sep 2008
Posts: 1,128
| Quote: Originally Posted by haha  (snip)
He did the math on the "Retire on TIPS plan." He wrote like an engineer, but I read all his posts anyway.(snip)
Ha | can you point me at a thread about the plan? I searched the forum for "retire on TIPs" (in quotes) but this thread was the only hit.
| |
| | |
11-04-2009, 11:39 AM
|
#6 | | Full time employment: Posting here.
Join Date: Nov 2006
Posts: 519
| Quote: Originally Posted by kyounge1956 can you point me at a thread about the plan? I searched the forum for "retire on TIPs" (in quotes) but this thread was the only hit. | Perhaps the best way to handle this is just to point out that John was a frequent contributor to the Income and Dividend investing portion of the Morningstar site, and that if you are interested in his views, that might be the best place to go.
A typical thread: JWR....TIPs - Funds, Portfolio, recession, I-Bonds, market valuation - Morningstar | |
| | |
11-04-2009, 12:01 PM
|
#7 | | Moderator Emeritus
Join Date: Dec 2002 Location: Oahu
Posts: 19,149
|
Sad news. Quote: Originally Posted by kyounge1956 can you point me at a thread about the plan? I searched the forum for "retire on TIPs" (in quotes) but this thread was the only hit. | DRiP Guy is tactfully avoiding mention of the issues surrounding JWR's conceptual errors concerning investment math.
Groucho Marx remains the ultimate authority on the TIPS retirement plan: "You can if you have enough of them."
__________________
*
*
For more info see "About Me" in my profile.
I don't read every post anymore, so if you want me to respond then please mention my name or send me a PM. Thanks. | |
| | |
11-04-2009, 04:10 PM
|
#8 | | Confused about dryer sheets
Join Date: Nov 2009
Posts: 2
|
Nords:
And you, sir, are no Groucho Marx.
Yours is the first derogatory post I've seen about JWR's untimely demise.
John was always a sincere gentleman who went to great lengths to explain his philosophy, and the math behind it, for his concept of a 'safe withdrawal rate' --it is tragically ironic that his efforts did not serve his interests well, but I am sure they gave many others food for thought.
Have fun,
George
| |
| | |
11-04-2009, 04:19 PM
|
#9 | | Moderator Emeritus
Join Date: Jun 2002 Location: Texas Hill Country
Posts: 18,937
| Quote: Originally Posted by GeorgeB Yours is the first derogatory post I've seen about JWR's untimely demise. | 
I see nothing derogatory in anything posted on this thread regarding the sad passing of a fellow human being.
__________________
Numbers is hard...
I suggest limiting all elected officials to just two terms - one in office and one in prison. - Kinky Friedman
| |
| | |
11-04-2009, 09:07 PM
|
#10 | | Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2004
Posts: 5,104
|
This is sad news.
Looking over the old threads, I was reminded that JWR was religious. I'm hoping his faith was a source of comfort during his illness, it is for many people.
Wow. We write our electronic notes and to each other for a few years, share our philosophy, little bits of our lives. Then someone's biological systems break down and he just never logs on again. Another light blinks out . . .
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
| |
| | |
11-04-2009, 11:24 PM
|
#11 | | Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003 Location: north of Kansas City
Posts: 6,420
| Quote: Originally Posted by samclem This is sad news.
Looking over the old threads, I was reminded that JWR was religious. I'm hoping his faith was a source of comfort during his illness, it is for many people.
Wow. We write our electronic notes and to each other for a few years, share our philosophy, little bits of our lives. Then someone's biological systems break down and he just never logs on again. Another light blinks out . . . | At least in this case we got a heads up.
RIP - JWR.
heh heh heh -  .
| |
| | |
11-05-2009, 05:52 AM
|
#12 | | Full time employment: Posting here.
Join Date: Nov 2006
Posts: 519
| Quote: Originally Posted by samclem This is sad news.
Looking over the old threads, I was reminded that JWR was religious. I'm hoping his faith was a source of comfort during his illness, it is for many people.
Wow. We write our electronic notes and to each other for a few years, share our philosophy, little bits of our lives. Then someone's biological systems break down and he just never logs on again. Another light blinks out . . . | Or he goes SK, and your QSL's go unanswered... John was a licensed ham radio operator as well, call sign W8JLK.
| |
| | |
11-05-2009, 06:44 AM
|
#13 | | Moderator
Join Date: Sep 2005 Location: Charleston, SC
Posts: 5,107
|
Thanks for sharing the sad news DRIP. It is always sad to have anyone's life shortened by illness like this. I remember him well.
__________________ "Never argue with a fool, onlookers may not be able to tell the difference." - Mark Twain
DINKS, 39 and 47, plan for his ER at 50, mine few yrs later...or not, since we bought this danged boat! 
| |
| | |
11-05-2009, 08:01 AM
|
#14 | | Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 10,113
| Quote: Originally Posted by GeorgeB Nords:
And you, sir, are no Groucho Marx.
Yours is the first derogatory post I've seen about JWR's untimely demise.
John was always a sincere gentleman who went to great lengths to explain his philosophy, and the math behind it, for his concept of a 'safe withdrawal rate' --it is tragically ironic that his efforts did not serve his interests well, but I am sure they gave many others food for thought.
Have fun,
George | Wow, ONE post, and you're already dissin' folks........... 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
| |
| | |
11-05-2009, 09:43 AM
|
#15 | | Confused about dryer sheets
Join Date: Nov 2009
Posts: 2
|
If I misinterpreted "issues surrounding JWR's conceptual errors concerning investment math" as snide innuendo, then I certainly apologize, and I absolutely do not want to pursue that point further.
John's views occasionally invoked controversy, but, IMHO, were always presented with sincerity, to the benefit of those willing to give them some independent thought. May he rest in peace.
Cheers,
George
| |
| | |
11-05-2009, 10:23 AM
|
#16 | | Moderator
Join Date: Sep 2005 Location: Charleston, SC
Posts: 5,107
|
Spoken like a true old timer, eh George?
__________________ "Never argue with a fool, onlookers may not be able to tell the difference." - Mark Twain
DINKS, 39 and 47, plan for his ER at 50, mine few yrs later...or not, since we bought this danged boat!
| |
| | |
11-05-2009, 10:57 AM
|
#17 | | Moderator
Join Date: Jun 2007 Location: At The Cafe
Posts: 6,684
| Quote: Originally Posted by Notmuchlonger ...
I know more who are in their 80s and 90s smoking than those who died this young.
.... | My first thought also. A great uncle complained of emphysema from a very young age but outlived his entire generation, and there were a lot of them. Makes me wonder if emphysema was the only COD. My cardiologist would ask if there was also some heart disease, perhaps unrelated to smoking.
May we pause in our, as Unclemick puts it in a very different context today, "snits people get into on forums."
As the Irish say, "Johnny, I hardly knew ya." Sad day.
__________________
FIRE'd for two years.
| |
| | |
11-05-2009, 08:33 PM
|
#18 | | Moderator
Join Date: Oct 2005 Location: Texas Hill Country
Posts: 9,614
|
As much as anything, it reminds me that it's important to stop and sniff the flowers along the journey to your destination. We can talk about SWRs and retirement income strategies all we want, but Mr. Russell's passing at the all-too-young age of 63 should remind us that there's no guarantee we'll be around for the future we're saving for. So if we are depriving ourselves in the here and now in order to live it up decades from now, well... while it's important to still set aside for retirement, we may want to allow for having some good times today.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
| |
| | |
11-05-2009, 10:27 PM
|
#19 | | Moderator Emeritus
Join Date: Dec 2002 Location: Oahu
Posts: 19,149
| Quote: Originally Posted by GeorgeB If I misinterpreted "issues surrounding JWR's conceptual errors concerning investment math" as snide innuendo, then I certainly apologize, and I absolutely do not want to pursue that point further.
John's views occasionally invoked controversy, but, IMHO, were always presented with sincerity, to the benefit of those willing to give them some independent thought. May he rest in peace.
Cheers,
George | Apology accepted.
Your response is perhaps typical of those who didn't have to read and analyze all the misconceptions and just plain mistakes in the discussions. How soon our collective memory forgets.
When Kyounge asked, I realized that it does no service to the board's newer members to leave them with any possible impression that his advice served as anything more than a warning to be responsible for your own ER planning... and for doing your own math. I've been around here for a while, so I felt it appropriate for me to speak up.
His TIPS idea may have worked with enough of them to handle an ER's actual inflation (not just the CPI), consumption of principal, and a definite expiration date. But it's not a 4% SWR solution. Joe Dominguez was a titan of ER yet he made more than his share of financial mistakes too.
Not even the most conservative Boglehead would advocate their approach.
BTW when my obituary is posted on this board, I hope it incites a heavily moderated fistfight argument about whether my estate will ever be able to pay off my mortgages...
__________________
*
*
For more info see "About Me" in my profile.
I don't read every post anymore, so if you want me to respond then please mention my name or send me a PM. Thanks. | |
| | |
11-06-2009, 06:49 AM
|
#20 | | Moderator
Join Date: Sep 2005 Location: Charleston, SC
Posts: 5,107
|
Nords, it would be an honor if I am still a mod to arbitrate said fistfight!
__________________ "Never argue with a fool, onlookers may not be able to tell the difference." - Mark Twain
DINKS, 39 and 47, plan for his ER at 50, mine few yrs later...or not, since we bought this danged boat!
| |
| | | |
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | | | Thread Tools | Search this Thread | | | | | Display Modes |  Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
Similar Threads | | Thread | Thread Starter | Forum | Replies | Last Post | | Stealth Emphysema | imnxpat | Health and Early Retirement | 4 | 11-15-2007 08:02 PM |
| » Sponsor Link | | | » Recent Threads | | | | | | | | | | | | | | | | | | | | | | | | |  » E-R.org on facebook | | | |
