3-step procedure for sustainable retirement savings withdrawals

[omni550]

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

 

[walkinwood]

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.

 

[travelover]

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.

 

[gauss]

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

 

[chris2008]

The link seems to be broken. Could you please check?

 

[travelover]

The link seems to be broken. Could you please check?

Still works for me.

 

[omni550]

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

 

[jelly bean counter]

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.

 

[pb4uski]

I want to read it but at first glance it sounds like a ratchet approach that we debated here a few weeks ago.

 

[omni550]

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

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[NW-Bound]

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.

 

[omni550]

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