Will Your Savings Last for the Rest of Your Life?

Once you’ve saved enough for retirement, the question becomes how you’ll make your savings last for the rest of your life. Higher costs make this difficult, and we’ve been seeing higher costs as a result of inflation for some months. It’s important to know how inflation can erode your savings over time, and how to create a plan to address this. We Could See “Persistently Higher Inflation” Federal Reserve Chairman Jerome Powell said last year that “the threat of persistently higher inflation has grown,” and we have continued to see inflation in 2022. Product and labor shortages have also […]