Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
3-step procedure for sustainable retirement savings withdrawals
Old 12-01-2016, 01:40 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 3,089
3-step procedure for sustainable retirement savings withdrawals

I was on the i-orp site and ran across a draft document (26 pages long) on a 3-step procedure for sustainable retirement withdrawals" by James S. Welch, the site's host, dated 11/27/16.

I haven't had time to read it yet, but as this likely a topic of interest here, I'm including the link below:

https://www.i-orp.com/modeldescription/3-STEPH.pdf

At the top of the document is this statement: "Please send your critique to orplanner@gmail.com"

omni
omni550 is offline   Reply With Quote
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!

Old 12-01-2016, 02:19 PM   #2
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 3,152
Interesting!
To summarize, the 3-step involves running iORP each year to determine that year's withdrawal based on portfolio balance & life expectancy. Withdrawals are obviously variable. The paper studies the variability over 5 different 30 year historical periods.

But will iOrp be available 29 years from now to make your calculations? It may not matter as long as there is a suitable program/service available. Or, one could just use the RMD method.
walkinwood is online now   Reply With Quote
Old 12-01-2016, 02:27 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 12,721
My concern is whether this scheme allows enough portfolio hold back to self fund long term care. I guess one way around that is to bite the bullet and just budget for a LTC policy, no matter what.
travelover is online now   Reply With Quote
Old 12-01-2016, 06:16 PM   #4
Thinks s/he gets paid by the post
gauss's Avatar
 
Join Date: Aug 2011
Posts: 2,888
If I recall correctly, those concepts sound vaguely familiar to the strategies advocated by Henry “Bud” Hebeler.

I liked reading his stuff before I ER'd because he gave a very conservative, high bar threshold for ERing.

-gauss
gauss is offline   Reply With Quote
Old 12-02-2016, 12:28 AM   #5
Thinks s/he gets paid by the post
 
Join Date: Apr 2005
Location: Duesseldorf, Germany
Posts: 1,112
The link seems to be broken. Could you please check?
chris2008 is offline   Reply With Quote
Old 12-02-2016, 08:39 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 12,721
Quote:
Originally Posted by chris2008 View Post
The link seems to be broken. Could you please check?
Still works for me.
travelover is online now   Reply With Quote
Old 12-02-2016, 09:08 AM   #7
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 3,089
Quote:
Originally Posted by chris2008 View Post
The link seems to be broken. Could you please check?
Like Travelover, I just checked and the link works for me.

If you are having issues accessing the white paper, please start here https://www.i-orp.com

Look for the small boxed area just under the introduction, circled in red below.

omni
Attached Images
File Type: jpg i-orp capture.JPG (122.7 KB, 49 views)
omni550 is offline   Reply With Quote
Old 12-02-2016, 10:39 AM   #8
Confused about dryer sheets
 
Join Date: Oct 2013
Location: Somewhere
Posts: 7
Quote:
Originally Posted by omni550 View Post
Like Travelover, I just checked and the link works for me.

If you are having issues accessing the white paper, please start here https://www.i-orp.com

Look for the small boxed area just under the introduction, circled in red below.

omni
Not working for me. Says....404 - File or directory not found.
The resource you are looking for might have been removed, had its name changed, or is temporarily unavailable.
jelly bean counter is offline   Reply With Quote
Old 12-02-2016, 10:54 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 27,497
I want to read it but at first glance it sounds like a ratchet approach that we debated here a few weeks ago.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 12-02-2016, 04:33 PM   #10
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 3,089
As it was labeled "draft" and appeared to be a work in progress, all I can guess is perhaps it "was not ready for prime time" and the author may have pulled access to finalize it.

Hopefully, it will reappear soon.

omni
Save
Save
Save
Save
Save
omni550 is offline   Reply With Quote
Old 12-02-2016, 05:02 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 27,950
I have no trouble accessing the paper via the link on post #1. However, tables and figures are still TBA, so there's not enough info to understand the method.
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 12-02-2016, 08:58 PM   #12
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 3,089
Quote:
Originally Posted by NW-Bound View Post
I have no trouble accessing the paper via the link on post #1. However, tables and figures are still TBA, so there's not enough info to understand the method.

The well-labeled charts start on page 15. Eventually, I'm sure they will be inserted in the document's 'proper locations'.

omni
omni550 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Amazing difference in cost for same procedure whitestick Health and Early Retirement 5 08-15-2008 09:20 PM
Lengthy ACH money transfer: necessary, obsolete or con procedure MJ Other topics 8 07-24-2006 10:15 AM

» Quick Links

 
All times are GMT -6. The time now is 08:56 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.