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.

(Click the featured times below to jump forward in the episode)

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.

Today’s Truth:


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The Host:

Brian Bowen – Contact