Inflation can affect your retirement planning

Even if your retirement seem years away, it’s important that you understand how inflation can affect your retirement savings plan. You’re probably aware that inflation can deteriorate your savings over the course of time. But, how seriously do you take inflation? Did you know that at 3 percent inflation, $100 today would only be worth $34.44 in thirty-five years? Therefore, the key is to seek retirement savings avenues that have the best chance of outpacing the long-term effects of inflation.

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