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11-03-2009, 07:22 PM
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#1
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Full time employment: Posting here.
Join Date: Nov 2006
Posts: 519
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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.
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BAILEY-KIRK FUNERAL HOME
If you don't smoke; don't start.
If you do smoke; quit.
DRiP Guy
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11-03-2009, 07:50 PM
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#2
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 11,732
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He was JWR1945 here. Hasn't posted in a few years. Too damn young. Thanks for letting us know.
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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.
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11-03-2009, 07:59 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 10,802
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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
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Above all, humans are political animals.
Nota bene: I am either a moron or an idiot. So don't pay any attention to anything I say or you are one too. Please consult your financial advisor, astrologer or proctologist for whatever it may be that you are seeking.
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11-03-2009, 08:01 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,404
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RIP.
I know more who are in their 80s and 90s smoking than those who died this young.
Stop smoking.
__________________
If your gonna be dumb you gotta be tough
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11-05-2009, 11:57 AM
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#5
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Moderator
Join Date: Jun 2007
Location: At The Cafe
Posts: 5,194
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Quote:
Originally Posted by Notmuchlonger
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I know more who are in their 80s and 90s smoking than those who died this young.
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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.
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Anno retiree, 2
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11-04-2009, 10:33 AM
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#6
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 542
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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
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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.
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11-04-2009, 12:39 PM
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#7
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Full time employment: Posting here.
Join Date: Nov 2006
Posts: 519
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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.
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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
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11-04-2009, 01:01 PM
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#8
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Moderator Emeritus
Join Date: Feb 2004
Location: Oahu
Posts: 17,531
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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.
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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."
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For more info see "About Me" in my profile.
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11-04-2009, 05:10 PM
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#9
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Confused about dryer sheets
Join Date: Nov 2009
Posts: 2
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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
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11-05-2009, 07:44 AM
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#10
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Moderator
Join Date: Sep 2005
Location: Charleston, SC
Posts: 4,573
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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, 38 and 46, plan for his ER at 50, mine few yrs later.
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11-05-2009, 11:23 AM
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#11
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Moderator
Join Date: Sep 2005
Location: Charleston, SC
Posts: 4,573
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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, 38 and 46, plan for his ER at 50, mine few yrs later.
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11-05-2009, 09:33 PM
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#12
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Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,254
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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)
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11-06-2009, 07:49 AM
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#13
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Moderator
Join Date: Sep 2005
Location: Charleston, SC
Posts: 4,573
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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, 38 and 46, plan for his ER at 50, mine few yrs later.
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11-06-2009, 11:22 AM
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#14
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Full time employment: Posting here.
Join Date: Nov 2006
Posts: 519
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I was torn about even posting this news, because I knew it would be virtually impossible to share the sad news about the passing of a fellow human being, without at least some reference to his link to the retire early community, which would then lead to discussion of his rather dubious methods, etc.
If I could impose on the moderator, perhaps we can close this thread with quick links to a site dedicated to promoting his theories and ideas, and one dedicated to debunking them, and then leave it for other threads and other times (if any) to discuss particulars further?
In any event, Rest in Peace, John, and I truly hope you have found serenity.
Site promoting John's ideas and methods:
Welcome to Early Retirement Planning Insights.
Site debunking John's ideas and methods:
Rob Bennett's Best of Hocomania Discussion Forum - The Best of Russell-mania
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11-06-2009, 11:29 AM
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#15
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Moderator
Join Date: Jan 2007
Location: New Orleans
Posts: 10,410
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Closed by request of the OP.
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"Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harborless immensities." - - H. Melville, 1851
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