What are the risks of inflation for retirees?
- 2 years ago
To Learn More about the harmful effects of inflation read: https://www.goldhillretreat.com/economy/inflation/how-to-protect-your-retirement-savings-from-inflation
This video will discuss inflation and how it affects retirement savings. This is especially important to retirees who are about to retire.
For retirees, it's important to create a budget that accounts for all their expenses. This includes things like healthcare and expenses associated with retirement. Creating a budget can help ensure that money is available for other needs, like saving for a rainy day or caring for loved ones when they need assistance.
Increasing Medical Costs can drain your retirement savings.
It's no secret that medical costs are rising, and this trend is only expected to continue. According to a report from Bankrate.com, the average American household will be affected by escalating health care costs in their lifetime at an estimated cost of $17,654. That doesn't even include coverage for long-term care! Even if you're not planning on leaving money to your heirs after you die, there's every reason why increasing medical expenses could quickly deplete any savings.
This video will discuss inflation and how it affects retirement savings. This is especially important to retirees who are about to retire.
For retirees, it's important to create a budget that accounts for all their expenses. This includes things like healthcare and expenses associated with retirement. Creating a budget can help ensure that money is available for other needs, like saving for a rainy day or caring for loved ones when they need assistance.
Increasing Medical Costs can drain your retirement savings.
It's no secret that medical costs are rising, and this trend is only expected to continue. According to a report from Bankrate.com, the average American household will be affected by escalating health care costs in their lifetime at an estimated cost of $17,654. That doesn't even include coverage for long-term care! Even if you're not planning on leaving money to your heirs after you die, there's every reason why increasing medical expenses could quickly deplete any savings.