When retirement planning, inflation can leave you with far less than you thought. Brian shares what tools we can use to plan accordingly.
Right now, inflation is hitting harder than usual, and it’s often a silent killer when it comes to retirement planning. Is the rule of 72 a good way to know for what you’ll have and therefore what you’ll need?
The rule of 72 is a great way to learn how to look at investing, whether it’s real estate, or it’s the stock market or business growth. There are a lot of different ways to invest. How many years will it take to double your money? Saving over a long period of time can really pay off.
What do you do when inflation is really bad? You can’t just hope for the best. Have a solid game plan to invest appropriately to make sure you achieve your financial goals. What kind of retirement income do you actually need? Remember that you don’t have to invest as aggressively, it comes down to what you need to invest to get what you need.
Listen to the entire episode or skip ahead using the timestamps below.
0:12 – Inflation is the silent killer of retirement planning. How do you make your money last?
6:45 – What’s keeping the market up?
The rule of 72 is a great way to learn how to look at investing, whether it’s real estate, or it’s the stock market or business growth.