Factoring Inflation Into Your Retirement Strategy
Description
Have you ever looked back and thought, "I can't believe how much everything costs now compared to when I started out"?
In 1996, I bought my first house for $40,000 with a $350 monthly mortgage payment. Today, that same house would sell for eight times as much. This is inflation in action – and it's quietly changing everything about your money.
We often think of investment risk as market ups and downs. But sometimes the biggest danger is not investing at all. While your money sits "safely" in the bank, inflation is steadily eroding your purchasing power.
Even mild inflation at 3% cuts your buying power in half over 24 years. If you're planning for a 25-30 year retirement, this could be devastating.
Ready to learn how to protect your retirement from inflation's silent threat? Listen to the full episode now!
If you want to sign up for Get Your Money in Gear, go here: https://zenaamundsen.ca/get-your-money-in-gear-course/
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