How to evaluate a financial goal considering inflation?
Answer
For goals of 1–3 years, add a 5–10% buffer annually. For long-term goals, use a conservative price growth forecast and review the amount every 6–12 months.
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For goals of 1–3 years, add a 5–10% buffer annually. For long-term goals, use a conservative price growth forecast and review the amount every 6–12 months.