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Get must-know insights on retirement issues relating to your financial future - including getting the most out of your Social Security benefits. We offer local, no-cost seminars to help you make well-informed decisions with confidence.

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Discover advanced strategies to keep your wealth safe and intact. We can help you protect life savings from market volatility, tax liability, and other costly wealth-draining factors. Learn ways to make your money work for you.

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Income Planning

Let us empower you to enjoy peace of mind and know how you will pay for your fixed-income needs each month. See how you can benefit from specialized financial strategies for lifelong, reliable income no matter what the market does.

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Retirement Planning

Build a personal plan so you can maintain your lifestyle and spend with confidence. We offer planning options for many goals: income, asset protection, risk management, low-risk wealth accumulation, and more.

SafeMoney.com Blog

how does inflation affect retirement planning

Inflation may not be the most exciting topic, but nowadays retirees may experience it first-hand for as long as 30 years or more. They can see its real effects on the purchasing power of their money over such an extended period.

Just think of what has happened to the cost of buying a new home over the past 30 years. Inflation has run rampant, and it can have such a big impact on retirement spending that it even warrants protection against it as part of an overall financial plan.

How Does Inflation Play into Retirement Planning?

How can you account for this risk in your retirement income planning? It’s prudent to have some sort of assumption about inflation in your calculations. You might use an annual inflation factor of expenses rising by 2% per year.

That has been in line with historical inflation of late, although this trend may change with the trillions of dollars in government spending for coronavirus (and those new trillions now floating around in the U.S. monetary supply).

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how to spend more money in retirement

An endless parade of financial articles talks about saving enough for retirement and minding your retirement budget. But what about having more than enough money for your lifestyle goals? Just accumulating sufficient savings to last through your entire retirement is only part of the picture.

Decumulation, the Final (Retirement) Frontier

"The decumulation of assets in retirement is obviously a much more complex problem than accumulating assets before retirement," said Emmanuel Roman, CEO of PIMCO, in an interview with Advisor Perspectives. He continued:

"Because of its complexity, decumulation is unlikely to be solved with a single solution; we’re going to need to combine a number of good ideas from different corners of the industry to solve this problem. To make a significant difference, one should start with an important problem. A big one is how to protect retirees from sequence-of-returns risk, or the risk related to the timing of retirement.”

Roman then said that lots of research has shown “the devastation that can result from poor returns in the years just before, or just after, retirement. While episodes of poor returns may be less significant in the accumulation phase, an untimely transition to the decumulation phase risks completely derailing the retirement plan and drastically reducing the longevity of assets."

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"I recommend Mike Marrone, and Marrone Financial, for their professionalism, financial experience, and knowledge of the retirement planning space. Mike is exemplary in his dedication to consumer education and in helping his clients find solutions that fit their complete financial picture."

Brent Meyer Jr., Founder of SafeMoney.com

 

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