There are a number of risks we have to take into consideration when planning for the future.
There are the “tangible” ones that we can quantify, and the “intangibles” that are there but harder to see.
Inflation is a real cost. If you don’t believe me, remember what your first home cost? What was your salary when you joined the workforce?
It will probably be very similar in the future as inflation has been a constant for many years.
Have you taken inflation into consideration when calculating your retirement plan?