Describe the process for determining retirement income needs by addressing the following: Estimated household expenses: review the Annual Budget that you prepared in your M9 Assignment: Financial Strength. Select at least four expenses and indicate how each one would be different in retirement. Provide your rationale as to why each one would either increase, decrease, or be eliminated. Next, describe one new expense that is not included in the Budget that could exist during retirement. Estimated income: describe at least three potential sources of income that you would expect to receive in retirement. Identify how the income would become available and what role your prior planning will play in obtaining this income. Inflation factor: describe the term inflation and indicate how it impacts retirement income. Next, visit the latest U.S. Bureau of Labor Statistics Consumer Price Index Summary latest Economic News Release and indicate if the inflation rate increased or decreased for the month reported. This will be found in the first sentence of the release. If you were currently retired, what impact would this increase or decrease in inflation reported in the release have on your retirement funds? Shortfall funding: assuming that there is a shortfall between your estimated retirement expenses and income, discuss two changes in your current spending that could help you to fund the difference and stay on track for your retirement plan.