Key Considerations for Effective Retirement Planning Amid Inflation and Healthcare Costs

Retirement planning requires ongoing review to address common pitfalls such as underestimating healthcare costs and inflation's compounding effects. Experts emphasize shifting focus in the 50s from growth to capital preservation, balancing present needs with future security. Inflation can significantly erode retirement corpus value over time, making it essential to plan in real terms rather than nominal amounts. Adapting to phased retirement expenses and managing risks ensures financial stability during post-retirement years.