Ep 167: The Inflation Impact on Planning
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Ep 167: The Inflation Impact on Planning
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It’s impossible to ignore the rising costs in everyday expenses right now and it’s clear that inflation will need to be incorporated into planning moving forward. Today we’ll explore the impact inflation is having on retirees and pre-retirees and discuss the things you should be considering with your financial plan.
Read more and get additional financial resources: https://www.moneyandclarity.com/podcasts/
What we discuss in this episode:
0:35 – Why we rebranded the podcast
1:28 – Examples of price increases
6:20 – Two reasons for the recent inflation rise
7:00 – Used cars prices
9:45 – Look at your home value
11:48 – Real negatives to inflation
13:29 – Inflation adjustments in planning
16:59 – Inflation’s evil twin brother, taxation
18:54 – Being too conservative is actually aggressive
21:23 – Closing thoughts