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Inflation

Pick Your Poison

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We typically operate day to day within the guardrails of precedent, making decisions and evaluating outcomes based on what we’ve observed and those things that have played out in the past. Certain rhythms repeat for certain reasons which is why more times than not, this modus operandi not only makes sense, but is wise. There’s a reason we should respect and learn from our elders. There’s also a reason why as we age, we tend to become a little jaded about certain things – we often see the same mistakes being made over and over again. The boom/bust cycle is…

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Change Happens

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Change is a funny thing. It’s one of the only constants in life; something we can depend on. Whether we’re talking about the four seasons, aging, health, or quality of life, we can depend on change to shuffle things up on us before we have a chance to get too comfortable. The optimist would say “discomfort and stress lead to growth”, while the cynic might prefer to resist change or deny that it lies ahead. As humans, most of us are the latter. Recency bias has us believing the present can continue on at least until tomorrow, and when taken…

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How Serious is This Inflation Thing?

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Although not everyone fully understands inflation and its pernicious impact on standards of living over time, all of us have experienced it and know what it feels like in the moment. It’s annoying to pay more for something than we did just a little while ago. If it’s the type of price increase that’s part of a temporary ebb and flow based on normal supply and demand of the product in question, no problem – that’s life. When on the other hand, it’s a true lasting price increase on not just one or two of the things that we consume,…

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Ask Cadence: Are you optimistic for 2021?

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Yes. 2021 has the potential to be a very interesting year for a host of reasons. First, the risks and uncertainties: Covid-19 – We just don’t know how quickly the majority of people will get vaccinated and subsequently get back to a more normal existence. In addition, there are unknowns in terms of new variants and the effect they will have on the number of infections and severity of illness. Most are assuming that some semblance of normalcy will return for the second part of this year, but we just don’t know how the course of events will play out…

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Retirement Uncertainties: Why Financial Planning is Necessary > Issue 2 > Healthcare Spending Is Increasing Faster Than the General Inflation Rate

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The changes to what we pay for the goods and services we buy do not increase by the same rate every year; some years they go up slowly, some years they jump up, and some years the cost of certain goods or services even goes down.  However, the longer-term trend is that the cost of the goods and services we purchase to live our lives is increasing.  For most items that historic increase is around 3% annually.  However, healthcare costs have been rising much faster over the past 40 years, with many estimates falling in the 6% to 8%+ per…

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