Although many view inflation as a short-term issue, the ramifications stemming from a higher cost of living can wreak havoc on one’s long-term financial planning. This is particularly true for adults approaching or planning for retirement.
Inflation is transitory, but its impact extends beyond the short term. The negative effects of inflation can include essentials becoming more expensive, diminished savings, rising interest rates and a higher cost of borrowing money. For most, this means reevaluating retirement plans moving forward. Learn more
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