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Leave a Lasting Legacy: What Is a Legacy?

Retirement Answer Man

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Changing Your Inflation Assumption

Roger Panko: I may have mentioned this on a podcast recently related to inflation, but I'm going to do it again. One reason we want to revisit all of these assumptions is, let's say we assume a 3% inflation rate,. Well, you may be spending more than 3% right now over the year before on your gas or your electric or your fuel bill. And so you'll pick up the increases in spending by readjusting these estimates. It really depends on what the expectations and the promise was of services when you started.

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