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05-30-2007, 01:47 PM
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#1
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Recycles dryer sheets
Join Date: Jul 2006
Posts: 60
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inflation - cpi rates
Is there any particular place you all go to to find the last year's cpi rate or do you mostly use inflation rate when computing your next year's withdrawal amount? i've looked around online but am not finding just what I think I want, something that will tell me what last year's CPI rate was? I found an inflation calculator but since I used CPI in FIRECALC, thought I should use it in withdrawals as well? Any suggestions?
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05-30-2007, 01:50 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Bureau of Labor Statistics Home Page will get you more information on inflation than you will every need or maybe want.
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Vietnam Veteran, CW4 USA, Retired 1979
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05-30-2007, 01:51 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Bureau of Labor Statistics Home Page will get you more information on inflation than you will every need or maybe want.
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Vietnam Veteran, CW4 USA, Retired 1979
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05-30-2007, 01:51 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Here's a one-stop shop for CPI figures: Consumer Price Index Home Page
Keep in mind that I don't know many people who don't think these stats way understate inflation...
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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05-30-2007, 01:52 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 2,433
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05-30-2007, 01:57 PM
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#6
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Recycles dryer sheets
Join Date: Jul 2006
Posts: 60
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inflation - cpi
Thank you F'IRED@51! That's exactly what I was looking for. The other two sites have tons of good information, but are heck to look through and actually find anything. I'd already been to both sites and finally just gave up.
I love this forum!
__________________
Life is short and getting shorter.
If not now, when?
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05-30-2007, 02:09 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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 Quote:
Originally Posted by ziggy29
Keep in mind that I don't know many people who don't think these stats way understate inflation...
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Well it sort of depends on what you are. If you're an urban worker who rents and doesnt pay their own health care, it might be a pretty good number.
If you're an early retiree who owns a home and pays their own health care...maybe not so much.
Google "CPI Elderly" if you want to see the efforts to tailor an inflation gauge for retirees looks like...its a little tippy because it presumes you're elderly and are paying a lot extra for health care and whatnot than a younger ER type might.
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Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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05-30-2007, 02:12 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by cute fuzzy bunny
Well it sort of depends on what you are. If you're an urban worker who rents and doesnt pay their own health care, it might be a pretty good number.
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Especially if they walk to work and grow their own food.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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05-30-2007, 02:20 PM
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#9
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Recycles dryer sheets
Join Date: Jul 2006
Posts: 60
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inflation - cpi
Thanks for the idea, cute fuzzy bunny.
do all of you actually look up some rate (CPI, inflation, etc.) each year and adjust your withdrawal, or is this fantasy a newbie thinks will work, but no body actually does?
__________________
Life is short and getting shorter.
If not now, when?
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