I have become a big fan of firecalc thanks to this forum. When using firecalc I usually use the default CPI but have also played around with changing the inflation percentage. Similar to other posters, I'm shocked at the difference a small change in inflation creates. So first question: What percentage do most use for this?
Second question: If a retirees house is paid for and they generally use common sense frugal behavior (buy used cars and use coupons, etc), does inflation have less of an impact during retirement years? I guess there are no retirees on the forum that have been retired during a period of high inflation, but I am curious as to any thoughts on this. Thanks
Second question: If a retirees house is paid for and they generally use common sense frugal behavior (buy used cars and use coupons, etc), does inflation have less of an impact during retirement years? I guess there are no retirees on the forum that have been retired during a period of high inflation, but I am curious as to any thoughts on this. Thanks