Question

What effects do you think inflation has on a post retirement pension

Answer 1

Answer:

PERSONAL FINANCE RETIREMENT PLANNING

How Inflation Eats Away at Your Retirement Income

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By REBECCA LAKE

Updated Nov 21, 2019

Inflation is something most Americans probably don't think about much, but it has a significant influence on their financial lives. Not only does inflation affect the prices of consumer goods, but the federal government also uses it as a benchmark in determining whether to increase contribution limits to qualified retirement plans or to raise monthly Social Security benefits.

On an individual level, the inflation rate affects how much your retirement dollars will really be worth. Over time, it can take a serious bite out of your nest egg. Understanding how inflation may hurt your retirement strategy is a must for ensuring that you have enough assets to last through your later years