[GNC] To whoever explained the 4% safe withdrawal rule - thank you
NoobAlice
NoobAlice at airmail.cc
Sun Oct 6 18:02:02 EDT 2024
On 2024-10-06 12:56 PM, Bruce Griffis wrote:
> ... checked inflation rate (2.5% on August 2024 - I would need
> to check again at the end of the year) ...
For those of us in the USA, the federal BLS has a nice inflation
calculator that can take a dollar amount on date 1 and tell you what the
equivalent inflation-adjusted dollar amount would be for date 2.
https://www.bls.gov/data/inflation_calculator.htm
For example, I just plugged in $100 for January 2000 and asked for the
dollar amount January 2024, and it says $182.71.
*** Note that it would not be wise to use this USA inflation calculation
for those living in other countries. *** Each country has its own
inflation rates, which may be far enough apart in certain years to make
a pretty large difference in the results.
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