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Investing While in Retirement, Part 1
Inflation and Cost of LivingOver the last several years, we’ve all seen how much cost of living can rise and how inflation can affect how far your paycheck can be stretched. This is a problem for those planning for retirement. While you may plan well now, in 20 years the expected amount of money you need may only cover three-fourths of the expenses you had saved for, or perhaps even less. Being able to anticipate the changes to the cost of living can help you to anticipate the amount of money you will need to make it through retirement comfortably. But you shouldn’t just rely on savings and perfect planning.
Continuing your investments into and during retirement is one way in which to help keep your income up to pace with inflation. Your money will be working for you and growing at a steady rate with the right investments instead of remaining stagnant and potentially losing value. Income for Life has retirement planning experts that can help you invest your money smartly in order to help avoid the pitfalls of inflation.