If you missed previous columns on the Life of Riley Index, it is my effort to set a baseline for how much you need in financial assets to live pretty well...
The Life of Riley index is a baseline for how much you need in financial assets to live pretty well without the indignity of work.on the Life of Riley Index, it is my effort to set a baseline for how much you need in financial assets to live pretty well without the indignity of work.But there’s a lot to be said for leisure, too. And it’s possible that we eventually outgrow the existential goodness of work.
Estimating inflation, the income I set is $98,657, and it takes a $3.4 million portfolio to generate that much per year. Many readers will be surprised by this good news. After all, the cost of living is going up. Fast. The most recent inflation rate, according to the Department of Labor Statistics, is over 9%. That’s the highest rate in 40 years.Some call 1982 “the good old days.” It was the year Willie Nelson first sang
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