The Lindauer/Greaney Goons took their Smear Campaign to a thread put up last week at the Financial Samurai blog entitled “The Dark Side of Early Retirement.”
I objected with these words (Post #47):
“Of course I have never spammed your site or any other site one time in my entire life, Sam.
“My “reputation” is the result of the fact that I am the person who discovered the analytical errors in the Old School safe withdrawal rate studies back in May 2002. The former owner of the Early Retirement Forum (Bill Sholar) was a friend of mine in our Motley Fool days. He developed the FIRECalc retirement-planning calculator, which gets all the numbers wrong (it doesn’t include a valuations adjustment and that is the single most important factor that determines retirement success or failure). When I posted the accurate numbers at his site, Bill went nuts. Hundreds of other people expressed interest in being able to have honest discussions. Bill nixed that.
“Do you now understand why there is such a deep hatred of me among some of the people who congregate there? How would you feel if you not only had gotten the numbers wrong in a retirement study but had thereby caused lots of your friends to suffer failed retirements and had also banned honest posting on the topic at a retirement board? You would feel pretty darn bad about yourself. That’s how those people feel about themselves.
“You could be helping them out by writing about this matter. We need to get this all in the open so that people can return to sanity. I encourage you and all other personal finance bloggers to do so. Lots of people have been hurt, lots of boards and blogs have been destroyed or seriously damaged and those of us who care about the future of these communities should be doing what we can to help out.
“You’re a brave fellow, Sam. You’re perfect for this!”
Financial Samurai said in response: “Rob, I don’t fully understand the rift, hence I’m not the best one to help you debate. Good luck in fighting for what you believe in!