In reviewing my action plan for semi-retirement, I fall into the category of "having a fear of not having enough." What that means, I'm not really sure - but when I have the conversation with my Parents (who are well to do, financially,) I typically blurt out that the only real risk to all of us is Inflation!
Inflation is one of those mysterious, uncontrollable factors that people who plan must take into consideration. I wonder how many people (on this site) have tried to calculate their FIRCALC using 5% or higher ? I am certain that the results wouldn't be pretty.
Anyway, I'd love to hear others thoughts on how they view the prospects of higher inflation with greater debt in conjunction with trying to spur growth in the economy.
Michael
Inflation is one of those mysterious, uncontrollable factors that people who plan must take into consideration. I wonder how many people (on this site) have tried to calculate their FIRCALC using 5% or higher ? I am certain that the results wouldn't be pretty.
Anyway, I'd love to hear others thoughts on how they view the prospects of higher inflation with greater debt in conjunction with trying to spur growth in the economy.
Michael