Consider the realities of retirement, recognize that it's not the final frontier. The good news is that you can expect your retirement period to be long. The better news is that it is never too late to invest in retirement. With your long retirement period it makes sense to remain active in your financial planning and long-term investing since time gives your money the opportunity to compound and grow. But along with many opportunities for financial planning, come many obstacles such as limited sources of income, outpacing inflation, receiving inheritances, and estate planning, to name a few.
Inflation is the rise in the cost of products and services over time.
We all know that a dollar is still a dollar, but its purchasing power is less than it used to be and will be even less in the future. Inflation effects all products and services. Inflation is one of the main reasons for investing IN retirement. We are all affected by inflation. Your race against it has already begun.