Monday, April 20, 2009
Factor Inflation into Retirement Planning
A dollar today won’t be a dollar tomorrow, it may be more like 50 cents. “No retirement income planning strategy would be complete without considering inflation risk,” said Robert Fishbein, vice president and corporate counsel in Prudential Financial’s Tax Department. “Assuming an annual inflation rate of 3 percent, $25,000 of savings today will have to grow to more than $50,000 over the next 25 years to purchase the equivalent amount of goods. Of course, if inflation turns out to be higher than 3 percent, you’ll suffer a further reduction in real purchasing power.”
Factor Inflation into Retirement Planning
Source: Yahoo! Finance
Factor Inflation into Retirement Planning
Source: Yahoo! Finance
Permalink posted by armandn @ 5:55 AM 
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