You Asked: Addressing Inflation in Retirement| EP 64

What if the greatest threat to your retirement isn’t market loss… but rising prices over time?In today’s “You Asked” episode of Make It Personal, we dive into a smart question from listener Kurt: “Do we need to plan for inflation in retirement, even if we’ve saved well?” The answer is a resounding yes. Because when retirement lasts 20, 30, or even 40 years, inflation becomes more than a background factor, it becomes a silent force that can erode your lifestyle, dollar by dollar.We unpack why inflation matters, even at modest levels, and how small percentage increases can compound into major cost jumps over time. But don’t worry, there are proven ways to plan ahead and protect your purchasing power.From smart withdrawal strategies to growth-focused investments, and from inflation-sensitive tools like TIPS to annual plan reviews, you’ll hear how to approach inflation with clarity and confidence, so your money can keep up with the life you want to live.Key Takeaways:→ Even 3% annual inflation can double your cost of living over a 30-year retirement.→ Adjusting withdrawals annually (instead of using a flat amount) helps preserve purchasing power.→ Keeping some growth investments (like stocks or TIPS) in retirement can help outpace inflation.→ Inflation-linked tools, like certain annuities or bonds, can act as a hedge during cost spikes.→ Annual reviews and adjustments are key to staying flexible and financially secure over time.“Inflation is a quiet risk, but with the right strategy, you don’t have to let it steal your future.”📩 Have a question like Kurt’s? Email us at [email protected] and if this episode helped you think differently about your retirement strategy, subscribe, share, and connect with an advisor at makeitpersonalpodcast.com. Planning for inflation is planning for peace of mind.Connect with Mutual of Omaha Advisors through the following links:→ Download The Game of the Decade eBook: https://makeitpersonalpodcast.com/free-ebook-page-2→ Download the Seven Principles eBook: https://makeitpersonalpodcast.com/free-ebook-page?utm_source=podcast&utm_medium=allplatforms&utm_mediacode=FCF&utm_campaign=makeitpersonal→ Instagram: https://www.instagram.com/makeitpersonal_podcast/→ Facebook - Mutual of Omaha Advisors: https://www.facebook.com/MutualofOmahaAdvisorsFB→ Sign Up For a Free Financial Strategy Meeting: https://makeitpersonalpodcast.com/get-connected/?utm_source=podcast&utm_medium=allplatforms&utm_mediacode=FCF&utm_campaign=makeitpersonal--Investing involves risk, including loss of principal. This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions.  Strategies discussed may not be suitable for everyone.   Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Mutual of Omaha Advisors is a division of Mutual of Omaha Insurance Company.