If you don’t take care, you can blow your nest egg. One way to do that is to ignore inflation. I meet with many clients who have trouble understanding that. They figure that if they can get a certain percentage off their account, they will be fine. I point out that they’ll likely be living off that money for decades to come. Things will inevitably cost more; think of how much they cost in, say, the 1960s compared with now. A retirement plan should account for the need to have an income that keeps pace with inflation. If it’s time to reassess your current retirement plan, visit www.mysecondopiniontoday.com for a free consultation and review to make sure your plan accounts for all risks, even inflation.

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