LONGMEADOW, Mass. (Mass Appeal) - There are ten things you should know when planning your retirement. Each week we'll share a new tip with you. This week, Dylan Bond, Owner of Bond Financial Services, explained part five, inflation may matter more in the future.
Bond Financial Services
171 Dwight Rd, Longmeadow, MA 01106
10 Things You Should Know When Planning Your Retirement Income:
Tip #1. Plan for a Long Life:
Tip #2. Health Care Expenses Will Increase
Tip #3. You'll Need a Housing Plan
Tip #4. Plan for Long-term Care Assistance
Tip #5. Inflation May Matter More in the Future
- Retirees tend to spend more money on the things that experience a higher rate of inflation.
- Older Americans devote a substantially larger share of their total budgets to medical care and housing.
- Not only do the basic necessities for living increase in price over time, but inflation decreases the value of long-term savings and investment returns.
- No matter how much income you plan on having when you return, you'll need more as time goes on.
Upcoming Investment Seminars - "7 Fundamental Strategies to NOT Outlive your money":
Designed for people 50 and older with questions about retirement income planning.
La Cucina di Hampden House
1 Allen Street, Hampden
March 6th & March 12th
320 Cooley Street, Springfield
For more information or to make a reservation call (413) 246 - 7608.