Our daily roundup of retirement news your clients may be thinking about.
Will clients’ retirement savings withstand rising inflation rates? Clients should account for inflation when planning for retirement by having realistic estimates of long-term inflation when computing the savings they need for their golden years, according to this article on Huffington Post. They should also create income streams that have built-in protection against inflation, such as Social Security and long-term insurance. Inflation should also be considered when investing for retirement and developing a withdrawal strategy. Having contingency funds can help retirees mitigate inflation and other risks, while delaying Social Security benefits and working longer can shorten the retirement period and decrease exposure to inflation.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access