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Planning forretirementis an inherently tricky thing to do.
Inflation
One of the most commonly overlooked obstacles when it comes to retirement planning isinflation.
With inflation at just 3%, for example, prices will double in roughly 24 years.
If inflation tops 3%, prices would rise even faster.
Remember to factor in inflation after you retire as well.
The numbers are even higher for second marriages.
From a financial perspective, divorces can be devastating, taking years to recover from.
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