Is Inflation The Biggest Threat To Your Retirement?

The Principle:

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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Is Inflation The Biggest Threat To Your Retirement?

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Honest Takes:

[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.