Is Inflation The Biggest Threat To Your Retirement?
May 2, 2019
As you save your hard-earned money for retirement, you need to know the common pitfalls and threats to your wealth. Brian addresses inflation as one of the biggest threats to your retirement and answers a common question about financial planning.
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[0:15] Biggest Retirement Threat
Economist Torsten Slok on CNBC says inflation is the “mother of all risks.” Brian says the government is not always totally truthful about the real numbers used to calculate inflation. Brian shares an example of how inflation could affect your wealth if you had a million dollars saved. Some factors that could impact inflation later on include spending and taxes.
[4:26] How Much Do I Need?
One of the most common
questions about retirement is, “Do I have enough?” There are a lot of variables
that you don’t know. Long-term care can be
extremely costly. Putting a plan in place helps
you see what kind of returns you need to get on your investments. Brian shares about a client
who built his own spreadsheet but was missing big things like taxes or variable
interest rates. Find a financial planner to
give you an unbiased opinion.
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Brian Bowen –