Yesterday’s blog entry set forth the text of an e-mail sent to me by Michael Kitces on safe withdrawal rates (SWRs). Set forth below is the text of the e-mail that I sent in response on Wednesday, August 20.
Thanks for your response. I apologize for not getting back to you
sooner. I had a big computer problem (my logic board failed — not my
hard drive, so I did not lose data) on Saturday
and I am now trying to catch up on a lot of e-mails that came in during
Thanks also for your kind words re the site. Those words gave a big
boost to my day (the computer problem has had me a bit down as
for me being without a computer is like being without oxygen).
I have only been able to read your e–mail quickly because I have so
many others that I need to get to. I will read it more carefully tomorrow
and offer you whatever thoughts I am able to offer. I certainly agree
with your comment that today the number is getting close to 4 percent
again (as you note, my own calculator indicates that this is so).
I have grave concerns re the many retirees who planned retirements
in the days when 4 percent was not at all safe (John Walter Russell’s research
indicates that those retirements have only a one-in-three chance of
surviving 30 years). I have hopes that you might be able to help
the Retire Early and Indexing communities get the word out about this
a bit. I believe that it is possible to do a world of good for a lot of
people by sharing what we have learned in recent years.
Please let me know if it is okay to report the words of your e-mail at
I’ll send you another e-mail by the end of the day Thursday with more specifics.
Thanks again for your kind words, which really did provide me a lift on
a day in which I was in some need of one (I love what computers do, but
I hate it when they are not able to do it!)