Thanks comrade! If you have a link to that report I’d be super interested to read it.
I spoke with an advisor at Vanguard yesterday, and it was an interesting conversation. They don’t see interest rates or inflation coming down anywhere near the last 20 years in the foreseeable future. As such, they’re now advising people that the 4% rule for retirement (and hence calculating the size of a required nest egg) is changed, and they now recommend a withdrawal rate of 2.9%, which is a huge jump that I’ve not seen talked about elsewhere. They did a good job of talking me down from cashing out, which I still don’t know if is a good thing or not lol. I spend too much time looking at bearish fintwitter and the catastrophising there is pretty :doomer:
Definitely working on gradually rotating my emergency funds into Series I bonds, good shout. One can’t help but feel I’m going to need them in the next 12-24 months….
Thanks comrade! If you have a link to that report I’d be super interested to read it.
I spoke with an advisor at Vanguard yesterday, and it was an interesting conversation. They don’t see interest rates or inflation coming down anywhere near the last 20 years in the foreseeable future. As such, they’re now advising people that the 4% rule for retirement (and hence calculating the size of a required nest egg) is changed, and they now recommend a withdrawal rate of 2.9%, which is a huge jump that I’ve not seen talked about elsewhere. They did a good job of talking me down from cashing out, which I still don’t know if is a good thing or not lol. I spend too much time looking at bearish fintwitter and the catastrophising there is pretty :doomer:
Definitely working on gradually rotating my emergency funds into Series I bonds, good shout. One can’t help but feel I’m going to need them in the next 12-24 months….