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…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.