ranjan

The main concern for Retirees where inflation is concerned is that how it affects their purchasing power. This is true even when inflation remains low because Seniors are more likely to spend money on things that tends to increase in price such as Healthcare. Inflation is something people are not thinking on regular basis, but it has significant influence on their financial lives. Not only does inflation effects the prices of consumer goods, Govt. also uses it as a benchmark to determine whether to increase contribution limits to qualified Retirement plans or raise monthly social security benefits. Over a period of time, inflation can take a serious bite on Retirement savings by diminishing Retiree's purchasing powers. Inflation can be retirement killer but it does not have to be for Seniors who take time to develop a plan for combating it. Reducing spending, creating a realistic retirement budget and leveraging investments to take advance of price increases can together hel