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In this episode, Stuart Wemyss delves into the significant impact of the current cost-of-living crisis on retirement planning. Stuart highlights how the sharp rise in everyday expenses over the past four years, often outpacing general inflation, can hinder your ability to save for retirement. He explains that maintaining your standard of living now requires a larger wealth base, potentially delaying retirement plans. 

Stuart provides actionable advice on managing this crisis, including the importance of making spending visible to better control cash flow and the potential benefits of taking on more investment risk through growth assets and leveraging. He emphasises the necessity of small sacrifices now to avoid larger compromises in retirement. 

Drawing on real-life examples and expert insights, Stuart outlines strategies to combat rising costs, such as diversifying investments, particularly focusing on shares and property, and the importance of geographical diversification. He also discusses the value of ongoing, independent advice to navigate conflicting strategies and maximise investment returns. 

Tune in to learn how to effectively adjust your financial planning to ensure a secure and comfortable retirement despite the challenges posed by the cost-of-living crisis. 

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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.