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I get great advice from many different sources. The other day I was sharing the whirl pool at the HealthZone with a man who was very successful in business. Petroleum engineer and all that. He was telling me his financial advisors were moving his money into sectors to insulate him from what they anticipated to be a coming period of high inflation. He seemed to make a lot of sense and confirmed what many of the pundits on my favorite cable networks were saying.

Recently one of my clients voiced the very same concern. She was a young healthy professional woman and we were working together to develop a long term care plan to that she would be comfortable with. I was explaining about the 5% compound interest feature we were considering and she said, “I don’t think that is going to be enough in the next few years.” My mind waivered for a moment and thought, “Hey, Lady, that’s as good as we can get.” But, then my creative juices finally kicked in. Out of nowhere I suggested that we start out with a higher monthly payout. That way we would be starting out with more money in the benefit pool than she would normally need, but at 5% compound growth, it would increase her benefit to keep pace with a higher rate of inflation. She thought that I was a genius, and for a brief moment, I agreed with her. We wrote up the application and sent it on its way. Like I said, I get great advice from many different sources.