Timothy Sumer

John Scherer and Bridget Sullivan Mermel discuss the impact of inflation on retirement in this episode of Friends Talk Financial Planning. They explore different approaches to factoring in inflation, with John including it in his projections and Bridget taking a more conservative approach. They also discuss the individualized nature of retirement spending and the flexibility retirees have in controlling their expenses. The key takeaway is to consider inflation in retirement planning , but to also be thoughtful and realistic about its potential impact. Key Takeaways: 1. Inflation may have a smaller impact on retirees due to factors such as Social Security and housing costs. 2. Individualized retirement planning is crucial, considering factors like income sources and spending flexibility. 3. Historical inflation and investment returns should be used as a framework, but individual circumstances may differ. 4. The future of inflation and costs can be uncertain, making it impo...