On May 25, Alloy Silverstein Financial Services and Allianz Insurance presented the webinar, Inflation: Protecting Your Retirement Future.
History, Trends, and Concerns
Inflation is a general increase in the prices of goods and services in an economy. Modest rates of inflation are a long-term reality and problems may occur if inflation risks are not dealt with properly. For this reason, inflation tends to be seen negatively. Although, some level of inflation can be desirable to the economy as supported by various theories. It helps boost consumer demand and consumption, driving economic growth.
What can you do?
Inflation is inevitable. However, there are some things that you can do to better prepare yourself for when inflation occurs.
1. Start by analyzing your retirement income needs based on inflation’s impact on the potential of a longer retirement.
2. Review the impact of high inflation and low-interest rates on rates of return during retirement.
3. You can meet with an advisor to discuss annuity options and the steady stream of lifetime income they can provide.
4. It is also important to consider long-term care insurance policies and riders to help supplement the rising costs of healthcare.
Inflation Webinar Recording
If you could not make the live webinar, the full webinar recording is now available at the following link.
Please contact us if you have any further questions or concerns, or would like to discuss this topic further.