Koolau
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I should ask this question of myself, but... Why does one have significantly more than 25X expenses in ones stash? Several folks have mentioned 25X to 115X!! Asked another way, why not up the spending level so that the X is closer to 25?
If the time horizon is WAY beyond 30 years, then maybe significantly more than 25X is reasonable. Also, I suppose some want to leave a significant legacy. Others perhaps have visions of upping their spend later (for fun stuff). Still others may just be "making sure" - whatever that means. One of mine is planning for inflation OR long term care beyond the standard few years.
I think too (for me) it's that I just don't trust the numbers, no matter how many times I've gone through them (and they always say "you're gold!")
Any insights (or interest in this subject?)
If the time horizon is WAY beyond 30 years, then maybe significantly more than 25X is reasonable. Also, I suppose some want to leave a significant legacy. Others perhaps have visions of upping their spend later (for fun stuff). Still others may just be "making sure" - whatever that means. One of mine is planning for inflation OR long term care beyond the standard few years.
I think too (for me) it's that I just don't trust the numbers, no matter how many times I've gone through them (and they always say "you're gold!")
Any insights (or interest in this subject?)