The typical FIRE requires compounding growth. You start with portfolio worth 25 years of expenses but if expenses keep on growing due to inflation and portfolio shrinks because of expenses and zero growth, it can get hairy quite fast.
There are various ways to look at numbers but my thumb rule is 4% inflation 9% growth keeps you perennially happy with some choppy years of course. 4% inflation 9% growth implies you can withdraw 4-5% every year and still have equivalent portfolio in inflated money.
Typical FIRE also requires access to affordable healthcare. In the US that is going away with ACA subsidies.
Five years ago I paid for “market rate“ insurance through my business for my family because we did not qualify for ACA subsidies. The cost was about $40,000 per year.
Well, one thing they do not mention in framing their position is that their compliance concerns are acute because of the services they offer. They feign throughout that their risks are pedestrian.
It is not strawmanning to say that of course they have to be more worried about compliance than a hamster forum (which forum has recently decided not to comply because they [likely correctly] believe that their regulatory risks are minimal).
I noticed this too, just recently, with their voice update. I was asking about the war and she just sounded bored. Very inappropriate for the subject matter
If you’re looking for something that scales this feature, you might love Matter (https://hq.getmatter.com/). It has instant article text-to-speech via a simple chrome extension & a web + iOS app - along with %-read tracking, ability to start playing audio from any word, etc.
reply