An expert on inflation, Bryan Beatty, CFP®, AIF®, clarifies some of the more confusing details of what inflation is, and how it applies to a retirement plan.
Beatty, a partner at EBW (one of the top-rated financial planning firms in Northern Virginia) shares the details of how inflation impacts an individuals retirement plan in this interview, explaining:
- First, the concept of inflation is something that most people think they understand, but on deeper investigation may not necessarily. Can you explain how inflation works in a way that is easy to understand?
- What causes inflation?
- Is this a win-lose situation? Specifically, who wins when inflation is high, and who loses? Conversely, who wins and loses when inflation is low?
- Now, the million-dollar question: In a retirement plan, why is inflation expectation important?
This segment originally appeared on Channel 8's Let's Talk Live program.