Will Your Retirement Income Keep Up With Inflation?
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Will Your Retirement Income Keep Up With Inflation?
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How do you plan for retirement when everything keeps getting more expensive? And should you pay off a car before retiring or use savings to avoid a monthly payment?
Greg and Kristin Taylor of Legacy Retirement Group in Columbus, Ohio, discuss how to build a retirement budget that accounts for today’s bills and tomorrow’s rising costs. They explain how a written retirement income plan can help you understand what you can spend and prepare for changing needs.
In this episode of Winning Retirement, you’ll learn:
- How car payments and major purchases affect your retirement budget.
- How spending may change through the go-go, slow-go, and no-go years.
- How a three-bucket approach separates money for cash reserves, everyday income, and long-term growth.
- Why income, taxes, and investments belong in the same retirement planning conversation.
Wondering how your savings could translate into retirement income? Connect with the team at LegacyRetirementGroup.com.
See omnystudio.com/listener for privacy information.
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