Knowledge is power, and that’s why we created ‘Money News You Can Use.’ We read five articles each month and post them here so you can stay informed of the latest financial news and arm yourself with knowledge when preparing for retirement. We know most people don’t have time to sift through hundreds of articles to find the most relevant and helpful ones, which is why we do it for you!
This month, we will focus on inflation and how it could impact your retirement. If you’re living off of your savings or preparing for retirement, inflation can have a major impact on your finances and ability to make your retirement savings last for the rest of your life.
– Happy Reading
Jim Brogan, MBA
President and Founder of Brogan Financial
What Inflation Means for Your Retirement Savings
Inflation causes your purchasing power to decrease, which is why it’s important to factor inflation into your retirement plan.
Do Pension Payments Keep Up with Inflation?
Employees can often get a cost of living raise, but what about retirees? Know how your retirement income does or doesn’t keep up with inflation.
Do Social Security Benefits Keep Up With Inflation
Social Security benefits get a cost-of-living adjustment most years, but they may not actually keep pace with inflation.
How Much More Are You Paying for What You Need?
Everyone is paying more for gas, food, and other goods and services – but exactly how much more?
Will a Gas Tax Holiday Offset How Much More You’re Paying?
Americans are all paying more at the pump, and a gas tax holiday won’t necessarily solve the problem.