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.
Getting the best financial advice is not always easy. Far too many financial advisors are conflicted because they are more interested in earning a commission than creating the right financial plan for you. They may not provide the best advice or retirement products.
Does it seem like every passing year gets a little shorter, while every basketball season is a little longer? And that’s not all. Closer to home for the retirement-minded, National my Social Security Week now runs for ten days, from April 4 through 13 this year.