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?
It seems like the primary factor driving retirement planning for us is uncertainty over the course of civilization. We don't know when or if a longevity horizon will arise, what kinds of work we'll be able to do in our old age in the future, whether serious tech progress or a singularity will occur, whether humanity will survive, or what kinds of welfare policies we can expect. Generally speaking, welfare and safety nets are progressing in the West, and the economies of the US and other countries are expected to double within half a century IIRC. Personally, I think that if you have a few decades left before retirement would be necessary, then it's reasonable to donate all income, and if there still seems to be a need to save for retirement in the future then you can forego donations entirely and save a solid 30% or so of your income, just like you used to spend on donations.