I’m currently navigating the 'Give Now vs. Give Later' debate. I plan to eventually donate 100% of my wealth to effective charities (no kids, so that makes it simpler!), but I’m struggling with the timing.
Some argue that solving a problem today (like global health) has "compounding returns" for society that can actually beat the 7-10% return of the S&P 500. I think I believe that.
However, I value the security of a robust safety net for my own retirement. My current strategy is donate 10% of my income each year (per the Giving What We Can pledge), but I think I need to reconsider this. Rebecca from Yield & Spread brought up a wealth pledge where I donate a percent of my wealth each year. That sounds like the right move, but it is a bit scary? Any advice?
