Just curious if anyone here 1) Calculates the inflation adjustment 2) Spends the inflation adjustment.
YMMV
With the solar panels and the Bolt/RAV PHEV, energy inflation is pretty much gone. That leaves food and travel, but the latter hasn't amounted to much in COVID. I wouldn't say we are inflation-proof, but it doesn't really touch us. My 89 year old mother & sister and my oldest son with 2 kids and one on the way, are wacked by inflation, so I feel lucky and we help out regularly. What are we going to spend it on--Wagyu beef? (Edit: as an answer to the question, we withdraw to the top of the 12% tax bracket and stick the unused $ into a taxable brokerage to blow or for emergencies. Later when there is no left-over we may start withdrawing the inflation adjustment.)
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