"A retiree who owns their home, does not often travel or commute daily, and does not intend to pay for school, has a much different personal inflation rate.... [A] year-over-year budget analysis ... identify any necessary spending adjustments.... [C]onsider alternatives to traditional fixed income within your portfolio.... [Identify] your cash needs and ... [e]nsure you have enough cash on hand to cover these goals ... [A]ny excess could be directed to the portfolio."  MORE >>