The Effects of Inflation on Retirement

Do you know how inflation will impact your retirement? Find out what's causing inflation, how it affects your money, and what you can do to protect yourself from inflation.

You’ve probably seen the headlines about inflation and how it is increasing the price we pay for everyday items like gasoline, food, and healthcare.

But have you considered the impact inflation is having on your retirement savings?

Social Security uses inflation as a benchmark to determine the cost-of-living adjustments it makes to monthly payouts, so beneficiaries can keep pace with inflation. This protects you from the negative effects of inflation over time.

But the other elements of your retirement savings plan, such as 401K’s and most non-government pension plans, are not adjusted for inflation.

That means the actual purchasing power of your retirement savings is being eroded over time… and you’ll need more money to accomplish your original goals.

Your Certified Reverse Mortgage Professional can help you adjust your retirement plan to take the effects of inflation into account and suggest some ways to preserve capital going forward. 

They can show you how a change in tactics can help keep your retirement plans on track.

To find out more about how inflation may affect your retirement, call us today.

Bruce Simmons

Bruce Simmons

I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.

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