I’ve posted Entry #104 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called How Much Do You Pay for Various Improvement to Your Retirement Plan?
Juicy Excerpt: There are lots of possible changes you might want to make to this plan to suit your personal preferences. You might want to be sure to have money to leave to heirs when you die (that’s the change we examined in last week’s column). You might want to take out more money each year and still have a reasonable chance of seeing your plan work out. You might want to be able to retire at a time when valuations are higher than fair-value levels. You might want to go with a higher or lower stock allocation. You might want to assume a better or worse return on your non-stock assets. I’ve looked at ten possible changes to the scenario I described above and report below on how each of those changes affects the amount you will take out of the portfolio to live on each year.
Evidence Based Investing says
Are you in Denver yet Rob? I was hoping that we would get some updates on the events at FinCon12.
Rob says
The conference was super, Evidence. I would say that I got double the value obtained last year (and last year was obviously good enough that I signed up for this year as soon as possible). I certainly will be going to FinCon13. Lots of super people.
The only downside was that I slept AWFUL. I get too keyed up from all the activity and my mind goes racing and I lie awake for hours. Other than that, it was a great time. I made lots of new friends.
Please take care, my Goon friend.
Rob
Evidence Based Investing says
I’m glad you enjoyed it. Many of your fellow attendees have posted recaps and reviews of their experiences at FinCon12.
Will you be sharing your thoughts about the event with the community?
Rob says
No.
That sort of thing doesn’t seem to fit my personality. It feels sort of ‘rah, rah” to me.
Rob
Diversified Investor says
Ahhh, so discussing a positive experience at a financial conference does not fit your personality, but engaging in a month long character assassination against WP does. It’s time you took a hard look at your behavior and make some serious changes.
Rob says
I am not engaging in “character assassination” when I say that Wade Pfau has done the most important research in the investing field in the past 30 years and that he should be awarded a Nobel Prize for what he has done, Diversified.
Here is a link to my article about Wade’s work for the benefit of those who are newcomers here:
http://arichlife.passionsaving.com/the-buy-and-hold-crisis/academic-researcher-silenced-by-threats-to-get-him-fired-from-his-job-after-showing-dangers-of-buy-and-hold-investing-strategies/
It was Mel Lindauer who attacked Wade when Wade posted his findings at the Bogleheads Forum, Diversified. And it was the Greaney Goons who threatened to send defamatory e-mails to his employer to get him fired for committing the “crime” of publishing research showing the dangers of Buy-and-Hold Investing.
I want Wade to feel 100 percent free to post honest research WITHOUT fear of what will be done to him because he has done so. I want to feel 100 percent free to post honestly myself. I want Bogle to feel free to tell us his honest beliefs about investing. I want Bernstein to feel free to tell us his honest beliefs. I want Shiller to feel free to tell us his honest beliefs. I want Diversified Investor to feel free to tell us his honest beliefs.
I see it as a win/win/win/win/win, Diversified. I am not even able to imagine any possible downside for anyone.
I of course wish you well in all your future endeavors.
Rob
Diversified Investor says
You are completely delusional if you can read your month-long screed against WP as anything but a character assassination. I am sure he feels the same way as well.
Rob says
He doesn’t, Diversified.
I was in e-mail correspondence with Wade for 16 months. He was like a kid on Christmas morning discovering one exciting new idea after another. I was thrilled to have the chance to work with him and he was thrilled to have the chance to work with me.
Wade will get that Nobel prize yet. He’s waiting until he feels safe to post about his sincere beliefs and to do honest investing research. After the next crash, there are going to be lots of people who will see how important it is that Wade and many others share their true beliefs with all of us.
I wish you all good things in any event, Diversified. Please take care.
Rob (The Delusional One)