2 ms·
That's definitely fair to say for the short-term. I should say it's 50% as far as budgeted expenses go. Unplanned things like home repairs or medical expenses I
by gymbeaux 3y ago
That's definitely fair to say for the short-term. I should say it's 50% as far as budgeted expenses go. Unplanned things like home repairs or medical expenses I don't consider in that "50% savings rate", which may be correct or may not be, I'm not sure. Larger, one-off purchases like a car or house are not included either.
- throwaway_5753 3y agoMakes sense. Yeah, not clear how best to track/predict large one-offs. And your original point still stands: without that 8% growth, retirement going to be a lot harder for a lot of us.