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Planning Tools
Investing for Your Future - Getting Started
Inflation
It's not easy to predict what things will cost in the future. The easiest way to deal with inflation for planning purposes is to look at your retirement needs in today's dollars. Your retirement income and expenses can then be adjusted for inflation.
Inflation can lower or stop the growth of your retirement savings when:
- Your income grows at a slower rate than inflation
- Your investment returns are lower than inflation
- Your investments are only staying even with inflation
Goods and Services
Goods and services will cost more in the future. Since 1926, inflation has averaged just above 3% per year. Bureau of Labor Statistics, 2004.
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