What Issues Should You Consider When Dealing With High Inflation?

These days, there’s no getting around the rising inflation topic, and you likely have many questions. For many, this topic makes them feel uncertain about how their financial planning goals will be affected. For this reason, I’m encouraging everyone to get a copy of my financial planning checklist, “What Issues Should I Consider When Dealing With High Inflation”....
David Roberts
August 2, 2022

In July 2022, Larry Swedroe – Chief Research Officer at Buckingham – published his latest economic brief. He states, “inflation running hotter than markets expect” will be one of the two biggest risks facing our economy.

Are you concerned about rising inflation?

These days, there’s no getting around the rising inflation topic, and you likely have many questions. For many, this topic makes them feel uncertain about how their financial planning goals will be affected. After all, inflation affects many different areas of the financial plan, including:

  • Living expenses
  • Spending levels
  • Income needs
  • Portfolio withdrawals
  • Market volatility

For this reason, I’m encouraging everyone to get a copy of my financial planning checklist, “What Issues Should I Consider When Dealing With High Inflation”. Click here to download this checklist

Rising inflation will potentially affect many areas of your financial plan. The inflation checklist helps you identify where there’s risk and sheds light on opportunities to improve your situation.

Use the checklist to explore the following issues:

  • The effect inflation may have on your cash flow and budgeting.
  • Inflation’s consequences for your assets and the solutions that can mitigate the damage.
  • Tax planning ideas that may be relevant to you during inflationary periods.
  • Miscellaneous areas that high inflation may affect. 

Why Is this resource Relevant?

Unfortunately, most people take no action (or worse, make hasty decisions), which may hurt them in the long run. Whether you’re newly retired or still working toward retirement, this financial planning resource can pave the way for better planning and decision-making during the current and future inflationary periods.

You deserve to be confident that you have the best chance to enjoy your dream retirement. I would like to discuss this resource with you, as well as a plan which helps you to take control of your finances. Click here to download this checklist

What Accounts Should You Consider If You Want To Save More?

What Accounts Should You Consider If You Want To Save More?

Investors often ease into their savings strategy with small investments into their 401(k) plans. Later, as their finances allow, they “graduate” into other investment vehicles for their retirement nest eggs, such as IRAs and taxable accounts. As their financial lives become more complex, many investors will ask, “If I have a fixed sum of money to invest every month or every year, what accounts should I consider if I want to save more?”

Will Your Social Security Benefit Be Reduced?

Will Your Social Security Benefit Be Reduced?

Choosing the optimal time to start receiving your Social Security benefit is an important step toward ensuring that your retirement income and savings will last throughout the rest of your life. No one wants to leave benefit dollars on the table due to a poor timing decision, not even those who have adequate savings and pensions and are not relying upon Social Security to fund their retirement. The problem folks are facing, though, is that choosing an optimal time to claim their benefit is neither simple nor straightforward.

A Guide to Setting Goals for Your Retirement

A Guide to Setting Goals for Your Retirement

Are you wondering how to set yourself up for retirement? Thinking you've reached the retirement age? It's important to take the time to make sure you can enjoy the next phase of your life. Ensuring you do the right financial planning for retirement is essential, and...

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Many have no financial plan for retirement. At Plan For Your Goals, my mission is to help both the newly retired and the nearly retired take control of their finances with an evidence-based plan so they can retire with confidence.

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