Inflation

Showing 11 results of 61

Inflation’s Toll: Cuts to Retirement Savings and Health Care | Kiplinger

Jan 23 2023

Many consumers struggling to make ends meet amid inflation are reducing retirement saving and health care, which can have disastrous results later in life....

kiplinger.com

Is Inflation Sticky? - No Guru Success Blog!

Jan 15 2023

submitted by /u/Mmoskie[visit reddit] [comments]...

nogurusuccess.com

5 Smart Money Moves for 2023!

Jan 08 2023

Between stubborn inflation, a falling stock market, and a looming recession… There’s no shortage of headwinds to grow your nest egg in the New Year! Learn five specific ways you could pro...

bossretirement.com

Climate Disasters: How to Protect Your Money, Home, and Retirement Well Being

Jan 05 2023

When planning retirement, you need to somehow prepare for many different kinds of unpredictable possibilities – inflation rates, stock market fluctuations, and the prospect of a long-term care n...

newretirement.com

Inflation Reduction Act Impact on Tech Workers

Dec 19 2022

The Inflation Reduction Act has passed the US Senate and is slated to pass in the house. In its earlier form as the “Build Back Better” plan there were many significant impacts to tech wor...

andrenader.substack.com

As Inflation Rages, Our Members Give Cost-Cutting Suggestions

Sep 22 2022

Sept. 22, 2022 — Thanks to the pandemic, the Russian invasion of Ukraine, and other factors, inflation is raging here in the U.S. and everywhere in the world. While early estimates are the 2023 ...

topretirements.com

Which is Safer: Rental Houses or Stock Investments? (a Case Study)

Jun 21 2022

During our recent discussion on Inflation, a Badass reader stopped by and caught my attention by dropping the following block of wisdom into the comments section:  “A final note if you are worr...

mrmoneymustache.com

You’ve Been Thinking About Inflation All Wrong

Apr 19 2022

With the most recent CPI data coming in at 8.5% over the prior year, there's been a lot of talk online about inflation and it's impact on your finances. Unfortunately, one of the most common arguments...

ofdollarsanddata.com

Ways to Cut Costs for Retirement

Mar 10 2022

Reducing expenses is a good way to deal with inflation. Here are 23 tips to make it a little easier to cut costs....

newretirement.com

Inflation – Should We Be Worried?

Jan 11 2022

I’ve been writing about money for almost eleven years now, and in that time the world has become an immensely richer place. Here in the US, our economy has grown by about 25% even after inflation, w...

mrmoneymustache.com

About Inflation

Inflation can have an impact on retirement planning, as it can affect the purchasing power of retirement savings over time. For example, if you are saving for retirement and expect to receive a certain amount of income from your savings in the future, but inflation is rising, the purchasing power of that money may be reduced by the time you retire.

To account for the effects of inflation on retirement savings, it may be helpful to use an inflation-adjusted retirement calculator or to invest in assets that are expected to increase in value over time, such as stocks or real estate. It may also be advisable to save more for retirement than you initially think you will need, in order to ensure that you have enough money to maintain your desired standard of living in retirement, even if inflation rises.

It's also important to consider the impact of inflation on your retirement income sources. For example, if you are planning to rely on Social Security benefits in retirement, those benefits may be adjusted for inflation through the Cost of Living Adjustment (COLA). However, the COLA may not fully keep up with the rate of inflation, meaning that the purchasing power of your Social Security benefits may still decline over time.

It's a good idea to regularly review and update your retirement plan to ensure that it takes into account any potential impacts of inflation.