Without a well-planned retirement nest egg, you may be forced to liquidate your assets in order to cover your expenses during your retirement years.
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Lifestyle inflation is an insidious killer of your financial wellbeing and eventual financial independence.
What it is: allowing your expenses to grow along with increases in your income.
How preventing it helps:
Old age typically brings medical problems and increased healthcare expenses.
Living out your retirement years in comfort while also covering your medical expenses may turn out to be a burden too large to bear.
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