David Lancaster

Comments:

• You are right Kathy. The retirement spending smile idea was first proposed by Dr. David Blanchett an adjunct professor of wealth management at The American College of Financial Services and co-host of the Wealth, Managed podcast.

  Post: Reality Check

  Link to comment from January 20, 2025

• Air temperature 12 here near the seacoast of NH. Much colder up north in the mountains.

  Post: Keep Moving by Edmund Marsh

  Link to comment from January 20, 2025

• Hey Ed, Since I too am a physical therapist I know our old saying, “if you don’t use it you loose it”. I have been an avid exerciser since my second child was born in 1988. I remember one time soon after his birth I was sitting at a long stoplight. I was pushing in the clutch pedal (remember those) and my leg started to shake from fatigue. I thought to myself if I’m in this kind of shape at 29, what will it be when I’m 69. Ever since I have been a dedicated exerciser rarely working out less than 6-7 days a week alternating weight lifting at the gym and aerobic exercise. Now after just turning 67 I think I know the answer. Although I get frustrated that my limit for yard work is about four hours, whereas I used to do 10-12, my wife says I get more done in half a day then most get in a full day. Also the yard work generally occurs without a day off from exercise the day before. In the future when I am less active I will add in the third necessary component when one is older, balance exercises, but right now with my level of exercise and activity i feel it’s not necessary. Now you’ll have to excuse me. I have to go out and shovel and snow blow our first major (for these times @ 6 inches 😞) snow fall of the season. ⛄️

  Post: Keep Moving by Edmund Marsh

  Link to comment from January 20, 2025

• I have been taking my parents inherited IRA RMDs quarterly after once early into the withdrawls trying to market time and got burned. If figure this technique is sort of like dollar cost averaging in reverse. I figured monthly seemed too frequent.

  Post: Is there a best time to take an RMD? Does matter when?

  Link to comment from January 19, 2025

• I just copied and pasted my original post in an email to my children. I realized it might be a valuable lesson to guide their investing futures.

  Post: Do you understand your tolerance for risk? Really, honestly? I’m not sure most of us do. By RDQ

  Link to comment from January 19, 2025

• I just listened to the podcast, and OMG! Oops, I can’t imagine what Jonathan thinks of all of my comments in which I used an ! I’m also most likely in his writing dog house for my prolific use of ()

  Post: Money Grows Up

  Link to comment from January 19, 2025

• I’m not sure I was investing in ‘87 as we had a two year old, and had just bought a house. I was investing in ‘07-08 and just kept plowing a regular portion of our paychecks into our 401K. Reading Vanguard articles, especially from the Captain of the ship, John Bogle, kept me from jumping ship! After all stocks were “on sale” and we were more than an decade away from retirement. We are retired (‘19 and ‘20), and living off our retirement assets until claiming SS at 70. We have 2 years of cash and 8 years of bonds, mostly short term/TIPS. Our portfolio is 10% cash, 46% stock (33 US/13% international), 44% bonds, so well diversified, so even if the market drop precipitously our losses would be limited. As I have written before if our portfolio drops to an admittingly random level we will have my wife, who is now at her full retirement age, claim SS to limit withdrawls. Overall our 10 year return is 7.1%, which I am satisfied with because we have “enough!

  Post: Do you understand your tolerance for risk? Really, honestly? I’m not sure most of us do. By RDQ

  Link to comment from January 19, 2025

• My risk tolerance score is 30, above average. In my Vanguard fund I can see what my cumulative return on investments is on a monthly basis over the past 10 years. I have only had a positive net return since 4/2016. Since then I have experienced three significant decreases in those returns. 1) 10/2018-12/2018 48% drop 2) 2/2020-3/2020 58% drop, by the time I had experienced our next loss in 9/2020 we had a 301% increase from the low point, and our total returns were greater than the low balance by 24% 3) 8/2021-6/2022 35% drop. Since 9/2022 my last low point our returns have doubled. What did I do during these big losses? Nothing, except during COVID buy stock mutual funds (at different set percentage drops in the market) with money I had inherited in 1/2019 (which I had been holding in a money market account as at the time the market seemed “frothy”). Lessons learned over the years from two sages: John Bogle,”Don’t just do something, stand there”. To quote Warren Buffet,”be fearful when others are greedy and to be greedy only when others are fearful.”

  Post: Do you understand your tolerance for risk? Really, honestly? I’m not sure most of us do. By RDQ

  Link to comment from January 19, 2025

• I would so like to respond to your inquiry but out of respect for Jonathan and keeping things civil on the site I will not. I’m sure there are many HD readers who can figure out why. That’s why I ended my first post with, but…

  Post: Limits of Power by Jonathan Clements

  Link to comment from January 18, 2025

• Any chance there is a hyperlink to these articles Jonathan?

  Post: Money Grows Up

  Link to comment from January 18, 2025