Interesting!
Differing opinions upset the equilibrium. Should we all remain
Hey, a controversial post is not a bad thing. It gets people thinking and questioning their approach. This is a good thing. If you get too complacent, the market gremlins will get you!
It all started with an question about the difference between two tools. Hellbender's response is a bit thin on substance and long on opinion. He is questioning the status quo (on this board). He might be doing it to get a rise out of a few people. That's ok. It breaks the conversation out of the chant (as HA pointed out).
I probably will always question my approach and be looking over my shoulders during ER. Matter of fact, I am working on contingency plans for certain events so I do not have to rely on a knee jerk reaction if they occur or wind up like a deer staring in the headlights of a semi and get mowed down.
I will follow a conservative balanced indexing approach. Why. Because I am done trying to "hit the lottery" (so to speak) in the market. If I can get 8-10% I am please as punch. Reality is I might wind up with more like 6-8%. From here, I just want to know how to smooth out the waves of the ocean and avoid the storms so the boat doesn't get swamped. That is why I diversify.
I look at swr as a guideline, not a hard fast rule. The WR amount will always be a fairly low % if the time horizon is a long time and you want the funding to last.
I am pleased that I have some people to compare notes with. I learn some things when I peruse the board. But I take nothing that I read
(about investment advice) as much more than opinion... or someone sharing something that they read. A word to the wise for everyone. Fact check, cross-check... Do not assume that what you read is reliable fact.
No offense, but I would not follow advice from anyone, anywhere, at anytime in matters of finance without checking it out.
I am going to run a poll to see how many real experts we have on manging the draw-down phase. How many pension actuaries are on the board and/or Life Insurance actuaries that design the product (i.e., funding/expenses). I will bet the answer is very close to ZERO... I would be surprised if there were 1 or 2.
Are there and FSAs out there?