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.
In this episode we answer emails from Kyle, Esek and Erin. We discuss 529 plans, what is "enough" in terms of this podcast, and THEN the meta approaches to retirement planning and the importance of distinguishing portfolio construction and allocation strategies from portfolio management techniques, including a tour on the Good Ship Lollipop with the Outlaw Josey Wales. Errata: I said "Bernstein assumptions" when I meant "Bengen assumptions."
And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.
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