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What issues should I consider when dealing with inflation?

High inflation has been on everyone’s mind, and many are wondering what they can do to act.

The checklist is intended to help explore ways to address high inflation and set financial expectations appropriately.

This checklist covers key issues to consider when dealing with periods of high inflation, such as:

  • The impact inflation may have on your cash flow and budgeting.
  • The effects of inflation on your assets, and solutions that may be considered to mitigate those effects.
  • Certain tax planning ideas that may be relevant in light of high inflation.
  • Other miscellaneous areas of a financial plan that may be affected by high inflation.

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In five minutes or less find out if you will run out of money. Inflation can destroy even a good retirement plan. For forty years inflation was not a problem. Now failing to account for inflation is a dangerous risk. If we used the same method to measure inflation today as we did in 1980, inflation would be running hotter than 15 percent.

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