Last week we covered what’s going on with inflation, and why it’s so high right now. We also covered the importance of making sure that inflation doesn’t have a negative impact on your retirement. Since inflation is often underestimated when it comes to your retirement, I wanted to discuss 4 strategies that you could use to make sure that you have a comfortable retirement for 3 plus decades, without having to cut back in significant ways later on in your…
Category: Inflation
What is inflation, and why is it so high right now?
Inflation is one of the biggest risks when it comes to your retirement. Why is that? Because if inflation is too high (in proportion to your investment returns), then inflation will eat away at something called your purchasing power. So over time, your purchasing power will decrease, year over year, ever so slightly. But over time, and especially 2-3 decades, you will feel it in your budget. In simple terms, the hundred dollars you own today has more worth than…