Tag: inflation

Inflation and Retirement: Better Preserve Your Purchasing Power Post-Retirement

Written by Jeff Diamond, AIF® on April 8, 2024.

Discover how to better protect your financial stability from inflation in retirement and better preserving your savings' purchasing power.

Retirement planning often centers around accumulating enough assets to enjoy a comfortable and secure lifestyle. However, one critical factor that can erode the value of these carefully saved funds is inflation. Inflation, the rate at which the general level of prices for goods and services rises, erodes purchasing power over time. For retirees, who typically rely on a fixed income, the impact of inflation can be significant, making it essential to develop strategies to protect against this diminishment of purchasing power in their golden years. Below, we’ll discuss this challenge, as well as strategies you may use to better protect your financial security.

Options for Your ‘Orphan 401K’ When You Leave Your Job

Written by Jeff Diamond, AIF® on September 19, 2022.

Learn which option is best for your retirement planning needs when you leave a job and need to determine how to best handle your so-called “orphan 401(k)

Financial Tips for Seniors Impacted by Inflation

Written by Zachary Morris, CFP® on September 7, 2022.

Times of high inflation can make retirees anxious so use these financial tips for seniors to make the most of your retirement income and feel more financially secure.

Inflation Reduction Act: Biden Signs Sweeping Measures into Law

Written by Zachary Morris, CFP® on August 24, 2022.

The Inflation Reduction Act is the largest climate change legislation in U.S. history and contains measures aimed at lowering health care costs, creating new tax credits

Lifestyle Creep and How to Avoid or Reverse It

Written by Jeff Diamond, AIF® on May 22, 2019.

Whether you have heard the phrase lifestyle creep or not, the odds are good that you have experienced it either first-hand or indirectly. Another word for it is lifestyle inflation. As you make more money, your apartment or house gets a little bigger, your furniture gets nicer, and dining out becomes more frequent. Then you meet someone special and your family grows from one person to two and then comes baby and…another baby and so on and so forth. The house needs to accommodate more people, the cars need to be safer and nicer and larger.