INFLATION’S IMPACT ON YOUR INCOME

We often talk about retirement in terms of understanding what expenses will be, and then comparing that to sources of income. An additional factor in this equation for retirement that is sometimes forgotten is inflation. This week’s article tells us that “the popular measure of inflation, sometimes called headline inflation—rose by 1.9 percent in May 2017 vs. May 2016, before seasonal adjustment. Core inflation—the overall index minus the effects of price changes for food and energy—rose 1.7 percent for the 12 months ending May 2017. (Most economists prefer a year-over-year time frame and the core—not the “headline”—inflation measure.)” How will

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SAVING WHILE PAYING OFF LOANS

Whether we are dealing with personal loans like paying off a home or car, or having discussions with family members about paying student loans, the conversation often circles back to the heart of the problem; finding ways to save money while simultaneously paying off loans. I found this week’s article interesting and thought to share it with you because it provides four suggestions for accomplishing this goal. As you speak with your loved ones about how these strategies might work in your circumstance, give us a call. We are always here to help you navigate the road to better achieving

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THE SECRET

This week’s article that I thought to share with you is called “The Secret to Generating Lifetime Income.” It states that “one solution to help ensure lifetime income is adding a fixed indexed annuity (FIA) to your retirement portfolio. These products can help balance your portfolio and generate guaranteed income for life.” We certainly don’t keep these products a secret, as they are frequently used by retirees to supplement social security income. Call us, we are happy to explain how they work and to discuss if they might be a good option for you to consider. We’re always here to

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AT LEAST ONCE

“While a whopping 94 percent of Americans currently give themselves a passing grade on retirement, a third of them have confessed to stopping retirement savings at least once”, according to a new report cited in this week’s article. Stopping savings can happen for a variety of reasons ranging from loss of a job and income to added unexpected expenses. Because these events can also happen in retirement where income that is not derived from guaranteed investments declines, or health care costs go up, it is best to plan for these bumps in the road. Call us, we may have some

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