We often talk about retirement in terms of understanding what expenses will be, and then comparing that to sources of income. An additional factor in this equation for retirement that is sometimes forgotten is inflation. This week’s article tells us that “the popular measure of inflation, sometimes called headline inflation—rose by 1.9 percent in May 2017 vs. May 2016, before seasonal adjustment. Core inflation—the overall index minus the effects of price changes for food and energy—rose 1.7 percent for the 12 months ending May 2017. (Most economists prefer a year-over-year time frame and the core—not the “headline”—inflation measure.)” How will this impact on your retirement planning? Call us if you’d like to discuss this and sources of income that may help in your planning. We’re always here to help.
INFLATION’S IMPACT ON YOUR INCOME
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This commentary was created by a third-party for the Agent’s use. NTM 08-27.