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3-step procedure for sustainable retirement savings withdrawals
12-01-2016, 12:40 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,433
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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
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12-01-2016, 01:19 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,518
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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.
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12-01-2016, 01:27 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: Mar 2007
Posts: 14,328
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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.
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12-01-2016, 05:16 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,602
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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
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12-01-2016, 11:28 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Duesseldorf, Germany
Posts: 1,202
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The link seems to be broken. Could you please check?
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12-02-2016, 07:39 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by chris2008
The link seems to be broken. Could you please check?
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Still works for me.
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12-02-2016, 08:08 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,433
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Quote:
Originally Posted by chris2008
The link seems to be broken. Could you please check?
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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
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12-02-2016, 09:39 AM
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#8
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Confused about dryer sheets
Join Date: Oct 2013
Location: Somewhere
Posts: 7
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Quote:
Originally Posted by omni550
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
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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.
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12-02-2016, 09:54 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,361
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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
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12-02-2016, 03:33 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,433
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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
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12-02-2016, 04:02 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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 happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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12-02-2016, 07:58 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,433
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Quote:
Originally Posted by 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.
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The well-labeled charts start on page 15. Eventually, I'm sure they will be inserted in the document's 'proper locations'.
omni
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