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00:00Things like social security are tied to the consumer price index. So social security, to the extent it's part of your retirement, and of course, for some folks, it can be a really big part of retirement, depending on the benefits you get. I mean, we've got folks that, you know, half of their retirement income is indexed for inflation. So inflation is a non-factor.
00:18Right. For a lot of folks here in Wisconsin that have the state pension plan, if you worked as a teacher or a state employee, that's not tied with inflation, but it is indexed. It goes up over time. It's actually done better than inflation the last 20 years. Right. So for folks where, hey, I've got social security coming in, indexed with inflation. If I'm a teacher, let's say I've got my state pension, that's indexed. You know, let's call it inflation, even though it's not purely that.
00:44You go, golly, I might have, you know, three quarters of my spending in retirement. But some folks, we've got some, we have all their spending retirement is indexed to inflation. So inflation literally is not a factor.
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