When planning for retirement, the goal is create future spending power that can deliver a more secure future. Inflation can weaken your future spending power if you don't account for it in planning. As you go through the daily motions of buying necessities, inflation rarely comes to mind. Without proper planning, it will not become a serious thought until you are in retirement and evaluating your spending power. Thinking about inflation while investing for retirement is critical to preserve funds and afford proper care as you age. Proper planning can help your precious retirement income last through your lifetime or beyond.
