How Inflation Affects Your Financial Future
People retiring today can expect to live another 20 years, according to Social Security figures. But in making our financial plans, we have to account for 30 more years, since roughly one in five of us will live past age 90. Once you’re retired, you live on a fixed income. There are no more raises, bonuses or employer contributions to your retirement plan. Even if you can afford your lifestyle today, you have to worry about what’s going to happen over the next 30 years as prices inevitably climb, some years more than others. Will Social Security keep up? Will your investments produce enough income? Read more…