In this video I want to show you how to calculate inflation on your retirement income and your retirement investments. Whether you are in retirement or you are close to retirement or you are starting your retirement planning, understanding how inflation impacts your retirement investing and retirement income is crucial to your retirement income strategy.
I want to look at three distinct scenarios on how you can calculate your retirement income with inflation.
The first retirement income scenario is a base retirement income scenario. This retirement scenario we don’t calculate inflation into our retirement income we are just trying to figure out if we can actually retire. If you’re asking the question can I retire at 55 or doing retirement planning at 50, none of that makes sense unless you can actually retire.
The second scenario is how we add an inflation to our retirement income planning process. This can be done by hand or in an Excel spreadsheet. This retirement scenario is accomplished by adding in inflation every year and determining how much retirement income we are going to need for retirement based on inflation. You can do this with your retirement income, retirement expenses, Social Security, or your retirement investments.
The third retirement scenario is a detailed retirement inflation and retirement income analysis. In this scenario we use software to determine inflation on our retirement income and on our retirement investing. Inflation is calculated on a daily basis and all other retirement factors are included in this retirement strategy.
If you are considering retirement in the next five years or you are in retirement and concerned about your retirement income and inflation, you need this retirement strategy.
Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for “retirement planning at 30”, “retirement planning at 40”, “retirement planning at 50”, or even “retirement planning at 60” understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement.
Here at Pearl Wealth Group, we run a trademarked retirement investment and retirement income plan for individuals and families who are wanting to retire called “Your Financial EKG™.” What we are trying to visualize is how long a persons retirement savings are going to last throughout retirement. If you are looking for early retirement planning tips or trying to saving for retirement in your 50’s, You Financial EKG™ is a great tool to help you understand where you are retirement planning. Retirement planning and retirement income strategies shouldn’t be complicated. They should just be done right.
**Free Retirement Download: The Roadmap to Retirement:** 📊 https://yourfinancialekg.com/#download
❌ **Please make sure you talk with your CPA, Financial Advisor, Retirement Planner, or Investment Advisor Representative, before implementing any content from this channel. All videos are for informational and educational purposes only. None of the content, comments, responses, information, or any other item on this channel constitutes financial advice or recommendations. Please call Pearl Wealth Group at 813-807-5060 to go through your Retirement Income, Retirement Investments, or Retirement Plan in more detail.** ❌