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Don’t let inflation bite into your retirement income

Tuesday, July 3rd, 2012 and is filed under Investing Quick Tip

Regardless of whether you’re retiring tomorrow or ten years from now, inflation can take a toll on your retirement nest egg. Don’t be part of the majority of people who underestimate its impact!

We encourage you to play around with an inflation calculator to get a firm understanding of how inflation can drain the power of your retirement savings.

You’ll quickly see that inflation relentlessly gnaws into the value of each dollar in your portfolio as the years pass, which forces many people into risky investments that can gain value even faster – or into low-risk, low-reward investments that at least hold their own. Read More