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Ep #118: Understanding Inflation and Its Long-Term Impact on Retirement
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This week we explore the critical topic of inflation and its long-term impact on retirement planning. We define inflation, distinguish it from deflation and disinflation, and explain why prices continue to rise even when inflation rates decrease. We examine how rising costs, particularly in healthcare, can erode purchasing power over time, and why retirees need a plan that accounts for inflation-adjusted spending. Joe shares strategies to mitigate inflation risks, such as investing in globally diversified portfolios and creating short- and long-term income buckets, ensuring sustainable income throughout retirement.
Read the full show notes and find more information here: Ep 118 Show Notes
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