This is my bike as it is now with all the racks, panniers and handle bar bag installed. I will carry tent, sleeping bag and pad above the rear wheel, but for training rides this will do.
Since my last posting the weather has improved at least enough for me to get some quality rides in. My total mileage for February was only 131 miles. This, the first week of March, I have ridden 105 miles including 50 miles on Saturday with all of my racks and panniers on the bike. I'll now start adding weight in my panniers up to about 45 lbs. while keeping my longer rides between 50 and 60 miles till April. After I retire on April 2nd I will be able to ride most days and get in some longer rides.
An update on fenders: I'll keep them. I've gotten used to the occational rattle and they sure save the bike and me from some nasty spray.