Financial Planning Newsletter December 2020
December 17, 2020
With the massive amount of stimulus spending, many economists fear we may see a spike in inflation. While we are of the mind that such a spike will likely be short-lived, it does highlight an important issue. Inflationary pressures have been tepid for so long that many of us may not pay much mind to what a dramatic impact it can have on our financial plans.
This is especially true for retirees. Over time, even moderate inflation can take a serious bite out of your nest egg. Understanding how inflation can impact your retirement plans is key to ensuring that your assets will last through your entire retirement.