Tag: inflation

Adjusting Retirement Plans for Inflation

Retirees have seen the purchasing power of their retirement income fall, while working Americans will now need to save and invest for a higher retirement income goal to ensure the same desired retirement standard of living. This erosion of purchasing power may continue for at least the next couple of years, lending urgency to the task of revisiting and potentially revising individuals’ personal retirement plans.

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Inflation Survival Tips

Inflation is a tax that hurts all income earners. For lower income workers, higher costs mean very difficult tradeoffs that have an impact on everyday living. For higher income earners, it may have less of an impact of their standard of living, but higher expenses can erode the ability to save sufficiently for future goals, like retirement. There are a number of ways individuals and families can respond to rising prices and mitigate their harmful impact.

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