Thanks .
I completely agree with your observation about raises needing to be at least double inflation to make the increase I propose in the article possible without decreasing your standard of living.
These days, with inflation north of 7% (in the US at least), this is not likely the case for most people. However, when inflation runs in the 1–2% range, it is quite a reasonable assumption.
To make the bump-up doable in all inflation environments, instead of half of your absolute raise, you can make it half (or 2/3) of your raise after adjusting for inflation.
In any case, the main point of the article stands, that stocks are far better for the long haul than bonds and that any level of bond allocation decreases your likely end result.
Thus, people would be best served by holding the minimal amount of bonds that lets them stick with their plan from an emotional perspective, even when (not if) the market craters.
