Description
This article calculates how inflation has affected income and costs over the past 20 years to demonstrate to your readers how they should take this into account when determining how much they will need to retire.
Introduction
Without the benefit of a crystal ball, it’s impossible to determine exactly how much one person will need to meet their individual retirement needs. We often hear that we’re living much longer so the amount we retire on must last a longer distance. However, what about the value of your retirement funds? How will inflation impact on your savings, particularly if you’re still being highly conservative and holding a large portion of your portfolio in cash waiting for the economy to “get back on track”?
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