When Planning for Retirement, Don’t Forget Inflation

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When Planning for Retirement, Don’t Forget Inflation
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A long period of even modest inflation can significantly erode the purchasing power of one's nest egg

Retirement columnist Glenn Ruffenach also answers questions about budgets and Social Security benefitsYour recent column about calculating how much money a person needs to save for retirement didn’t seem to address inflation. What is a good way to plan for inflation over our retirement years?

An important question. I think many people approaching retirement understand that inflation, at some level, poses a threat to their financial health. The key, of course, is taking steps to mitigate...

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