Hello, EA Forum! Here is an open thread.
I will kick it off by asking what thoughts people have on saving for retirement while donating more than a set 10% of income.
I am likely to have a relatively high paying job within a few months and don't plan on spending most of that income. I plan to divide the rest between retirement savings and donations to x-risk charities, but I don't have a coherent framework for balancing the creation of passive income with helping preserve the world.
Ideas on utilizing less-taxed retirement accounts would be appreciated as well. Are there any advantages over DAFs?
I think there is a goldmine of advice and practical tips on this website.
http://www.mrmoneymustache.com/
But instead of aiming to retire at 30, you'll be able to donate more and still have a healthy retirement fund by not spending all your money, and investing sensibly. The site below is useful with step by step guides.
http://monevator.com/how-to-retirement-plan/
At the moment I give 10% and invest any other savings over that but I probably wont be going into a high paying job and have the benefit of free healthcare.
I may slightly disagree with Linch about retirement money. I think it gives people a lot of power in their careers and job choices if they are able to tell their manager what they actually think and if they aren't desperate to succeed in a job interview. Being financially independent can make it a lot easier to take ethical decisions and make a stand against a bad policy, without having to worry about losing your job.
That depends on how much you think you need to feel secure.
The 'Stache is great! He's actually how I heard about Effective Altruism.