Live And Learn
Thinks s/he gets paid by the post
My original budgetted WR was 3% and I planned to increase the budget only for those items impacted by inflation, if needed. Given the rally in equities this past year I can double my original travel budget and come to the same original WR of 3%. Part of me feels this is cocky and presumptive. The other part says that if I was fine with a starting WR of 3% then I should be fine with a "revised" starting WR of 3% now.
Of course if equities tank my travel budget will probably go back to $1k per year, as it was for almost my entire life.
I know its all mind games but I'd like to know what other folks in ER have done with their budgets as their assets increased.
Of course if equities tank my travel budget will probably go back to $1k per year, as it was for almost my entire life.
I know its all mind games but I'd like to know what other folks in ER have done with their budgets as their assets increased.