Ep 167: The Inflation Impact on Planning

It’s impossible to ignore the rising costs in everyday expenses right now and it’s clear that inflation will need to be incorporated into planning moving forward. Today we’ll explore the impact inflation is having on retirees and pre-retirees and discuss the things you should be considering with your financial plan.

 

Read more and get additional financial resources: https://www.moneyandclarity.com/podcasts/ 

 

What we discuss in this episode: 

0:35 – Why we rebranded the podcast

1:28 – Examples of price increases

6:20 – Two reasons for the recent inflation rise 

7:00 – Used cars prices 

9:45 – Look at your home value 

11:48 – Real negatives to inflation

13:29 – Inflation adjustments in planning

16:59 – Inflation’s evil twin brother, taxation 

18:54 – Being too conservative is actually aggressive

21:23 – Closing thoughts