Over the past several months, we’ve seen inflation at a current rate of 7.5% and rising fast!
Inflation can have a massive impact on planning your retirement because the inflation rate can tell you how long it will take for your cost of living to double in your retirement.
At an inflation rate of 7.5%, your cost of living would double every ten years.
By watching the video above, you’ll be able to see what’s going on with the economy right now and how increased taxes and inflation will be a problem if you’re retiring in the next 10-15 years!
Your retirement plan needs to account for both increased taxes AND inflation, and if it doesn’t, your retirement plan is incomplete.
If you’re interested in learning more about tax-free retirement options available to you that will also protect against inflation, book an appointment below.