Episode 240: Dirty Harry Kicks Over A Dignity Bucket And Portfolio Reviews As Of February 3, 2023
Risk Parity Radio
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How to Increase Your KLO Expenses by the CPI Rate of Inflation
You are not going to be increasing your withdrawals by the CPI rate of inflation. What I suggest you do is take 3% and assign that to your KLO expenses, or if you want to call it a minimum dignity floor. Then you have another 1% that can go to what I would call comfort expenses. Those are replacing the car, going on nice vacations, maybe having a beach house,. Having people clean your house, memberships, stuff that you could cut if you wanted to, and it wouldn't kill you.
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