The Impact of Inflation

As a financial service professional you have to educate, inspire, and lead your clients towards sound financial planning. Your job is to estimate the cost of living including inflation for your client’s future. How do you plan for two, three, or four percent inflation? What happens if inflation intensifies over the next 10 years then calms down to two or three percent? How do you plan for inflation on your clients’ behalves?
Here is an example of a 45 year old with a $100,000 after tax retirement income goal. His other assumptions are:
• Three percent inflation
• Retire at 66
• Plan for a 20 year active retirement
The chart below is a sample of the RetirementPathRoadmap™ . Learn how the RetirementPathRoadmap™ can help your business by attending TheSolomonSchool.