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Author: LuckyDog2002 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 744488  
Subject: Re: Your personal inflation rate Date: 10/30/2013 3:41 PM
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So...short answer....it's nearly impossible to stick in accurate numbers.

I usually figured, when I was doing this exercise, that my return would be 2% more than inflation.....and that my expenses would rise with inflation.




t.

>>>>>>>
this kind of thing is like talking about withdrawal rate......it's nice to set a baseline to explain/understand this sort of thing to a newbie...but for me, it's like whistling in the breeze...nothing to it. I keep my eye on my investments, bottom line of assets at the end of each month, and if total keeps going up, I'm happy. Combined with shopping around for discounted prices on stuff I use all the time and pondering larger purchases before I make them, helps alot too.

Thank goodness I don't have to worry about anymore home renovation bills.

But I do have to pay for oil tank closure and I don't even know how much that costs yet.......we'll find out sometime next month. Home used to be heated with oil a long time ago, and then central air and heat was installed '69 or '70. Had two tanks, one above ground that I had removed a very long time ago and then a buried oil tank in concrete under a patio needs to be officially closed...Dept of Environmental Quality...If not officially closed, these old oil tanks can hang up a home sale. Best to test the soil and get the tank filled with concrete or foam or something that's approved.

LuckyDog
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