Inflation may seem small year to year—but over time, it can quietly eat away at your retirement savings.In this episode, Elevate Wealth Advisory's President & CEO Deanne Rosso and Wealth Adviser Clarke Holt break down how inflation impacts your long-term financial security and what you can do to protect yourself. A retirement plan that doesn’t account for inflation could leave you with less purchasing power just when you need it most.✔️ In this video, we cover:– Why inflation is one of the most underestimated retirement risks– How a 3% inflation rate can double your cost of living over 20 years– Strategies to outpace inflation through investing– Why reviewing your withdrawal plan regularly is keyRetirement planning isn’t just about today—it’s about making sure your money lasts tomorrow, too.Need help building a plan that keeps up with inflation? Visit elevate-wealth.com and click “Let’s Talk.”🔗 Website: https://elevate-wealth.com🔗 Facebook: / elevatewealthadvisory 🔗 Instagram: / elevatewealthadvisory Subscribe to our channel and hit that notification bell 🔔 to stay updated on the latest investment strategies and financial planning tips!Even though it seems like a hot topic right now, it can be easy to overlook inflation in retirement planning. It can drastically reduce what your money can buy. We're talking about it today on Elevate Wealth. Hey there, I'm Deanne Rosso, president and CEO of Elevate Wealth Advisory, and I'm joined again today by Clarke Holt, wealth adviser at Elevate. Hello, Clarke. Hello. and Clarke, how should people be thinking about inflation and inflation planning when it comes to what their money can buy in retirement? Great to be here, Deanne. 10 words. Every year, everything you'll need to buy will cost more. And so, one of the most underestimated risk in retirement planning is inflation. And so, we don't think about it. It's not urgent because it's such a small amount that we think it's not going to make a difference. And so, but over 20, 25, 35-year clips, it can really erode our purchasing power and our financial security. And so, even a 3% annual inflation rate can actually double our cost of living over a 20-year period. Right? But it doesn't always happen evenly like that in reality either, right? It's kind of, you know, low inflation, low inflation, low inflation, and then we may see something like we see right now, which is, you know, a spike. But what we're thinking about is historical averages, right? That's what helps you kind of think about what your money can do for you in retirement. Exactly. Exactly. So, what can people do to prepare? So, what we do, and we help clients do is to combat inflation is we want to combine a group of investments, growth investments like stocks, real estate. And then we have fixed income, we have TIPS, which are treasury inflation protected securities. Combining all those things in a structured way, a very diversified way, helps us not only beat inflation, but can give us a sustainable rising income in retirement. Right. And that's what it's all about, right? It's making sure that not only can we continue with our retirement income, but that we can give ourselves raises along the way. Absolutely. Awesome. And again, this is something that's very personal to every individual and family situation. So that's what we're here to do is to help plan for people's retirement security, make sure that their money can outpace inflation. So thank you for joining me today. And if you have questions about inflation or how to protect your retirement accounts from inflation and retirement, please visit us at elevate-wealth.com and click "Let's talk." We'd love to help. We'll see you next time.#legacyplanning #EstatePlanning #RetirementGoals #FinancialLegacy #WealthTransfer #ElevateWealth #SmartRetirement #taxstrategies #AdviceInAction #ElevateWealth #WealthWise #FinancialFitness #FinancialReview #StockMarket #taxes #TaxCuts #TaxCutsAndJobsAct

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