Me excited about this? Nah, methinks you are projecting.
Mostly, the reason I talk about this stuff is the same reason why I created that spreadsheet and made it public. When I first heard of this cash-bucket technique, it seems so obvious that it would be a GREAT way to allocate your portfolio in retirement. The more I read, the more it sounded good. But long ago I learned (at large financial cost) that before you put your money into some {new thing}, you should do some further research and google "problem with {new thing}". Because the proponents will not tell you -- maybe because they do not know -- about the potential pitfalls and downside.
Me, threatened about an idea that isn't mine? Nope. Following an idea that sounded logical and good cost me over $100,000 once, so now I look closely. And when possible, try to make a spreadsheet model of the idea using ACTUAL HISTORICAL data, to see exactly how it would have worked in the past. Yeah, sure, maybe an idea that failed in the past will be an astounding success in the future. But my $100K was gone, gone, gone, and I don't care to repeat the experience.
Yes, indeed, the next 20 years may be completely different than any previous 20 year period. But so far, everytime people have said, "It's different this time!", they wind up losing their shirt.
I find that trying to think in terms of "buckets" greatly complicates things for me.
That incentivized me to look into my file of quotes, whereupon there were a couple on point.
"In the end, the reality is that while cash reserve strategies appear psychologically appealing, their actual benefits as an enhancement for retirement income sustainability appear to be a mirage upon closer inspection.
These bucket gimmicks are just a way of skewing your asset allocation in a more conservative direction. There's no magic to it. However, if you're pulling withdrawals from the cash reserve during a declining market, you're making a tactical decision to reallocate toward riskier assets." -- M. Kitces
"if indeed you experience a poor initial sequence of investment returns – so that you have been forced to liquidate all your cash investment--you might find yourself with a 100% equity exposure well into retirement and possibly deep into a bear market. This is in contrast to the non-bucketer... who is maintaining the same exact asset mix and hence the same risk profile over time. Sure, the market may recover by the time you have to tap into the equity portion – or it may not.
Either way, you have neither reduced nor mitigated financial risk but simply taken a bet on scenarios you believe will not happen. Safety is just a mirage."
Another author & financial advisor said that he sometimes found it necessary to "construct a client's portfolio to reduce the emotional impact of volatility by dividing the client portfolio into a portion to meet short-term needs and a portion to build long-term wealth. The short-term portfolio is built with little or no volatility. ... Sadly, the current infatuation with short-term volatility mitigation has us forgetting about returns, the most important driver of long-term wealth."
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BTW, OldShooter, I don't really care to convert you. I don't know you and don't particularly care about you, per se. Do what you wish and God Bless. After the 2nd go-aorund on a topic thread, my intended audience is not so much the "opponent", but new people with an open mind who may start reading the thread for information.
I always appreciated it when I read a long thread about an idea that sounded good, and was able to read the pro & con arguments and be warned off of something that worked badly even though it sounded good.
And being retired, noodling around on the internet for amusement and entertainment and education is a fun way to spend my day.