How Will Inflation Impact Your Retirement?
Regardless of how solid your retirement income strategy may be, if it doesn’t account for inflation, you could lose momentum or even backtrack on years of hard-earned savings. The rate of inflation has hovered around one percent or lower for the past couple years, but there have also been times in the past decade where it topped four percent.1 How might your retirement savings be affected in the event of a sustained increase in inflation in the future?
It is important to regularly evaluate your financial strategy to ensure it reflects your current goals and objectives as there are a variety of financial products that can help meet your retirement needs. Taking advantage of these resources is a step toward making sure inflation doesn’t set you back on your path to retirement success.
Have you taken advantage of our complimentary Complete Planning Review to determine if there are any gaps in your retirement plan? If not, I recommend calling our office (775) 853-9033 and getting an independent analysis today. For more retirement income planning resources, check out our website at www.cornerstoneretirement.com.
1 U.S. Inflation Calculator. April 2016. http://www.usinflationcalculator.com/inflation/current-inflation-rates/. Accessed June 14, 2016.