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Robert A. Imparato, Jr CFP®
CERTIFIED FINANCIAL PLANNER™ professional
Craig A. Hyldahl CFP®
CERTIFIED FINANCIAL PLANNER™ professional
R.I.C.H. Planning Group, LLC
105 Fieldcrest Avenue, Suite #507
Edison, NJ 08837
Robert: 732-326-5240
Craig: 732-326-5240
Fax: 732-326-5331
Robert: robert@richplanninggroup.com
Craig: craig@richplanninggroup.com
Website: www.richplanninggroup.com
March/April 2025
Inflation: Retirement's Rival
Thinking about retirement can bring mixed emotions. You may be looking forward to leisure time but still have some concerns about whether you'll have enough money to live the life you want without a steady paycheck. Creating a realistic spending plan and planning for economic changes are essential.
Inflation is Inevitable
Inflation — an increase in the prices of goods and services — makes buying food, driving a car, and heating and cooling your home more expensive. Over time, even low inflation can erode your retirement savings. So, as you create your retirement spending plan, account for rising prices in your budget.Location Makes a Difference
Housing, food, and even gas prices may vary depending on where you live in retirement. Rising prices can affect rents, association fees, and property taxes. While you can't control inflation, you can be realistic about living costs before you decide whether to move or stay put.Don't Forget Health Care Costs
Health care could be one of your most significant expenses in retirement. Even if you're relatively healthy now, your medical expenses will likely increase as you age. If you're eligible, consider saving money in a Health Savings Account (HSA) or Health Reimbursement Account (HRA) to pay future healthcare costs.Surviving Inflation
Adding investments to your portfolio that are less affected by inflation is a good place to start. Here are just two of several types of investments to consider.- Stocks have historically earned returns that outpace inflation. But stocks from some economic sectors, such as energy and consumer staples (household goods, food, hygiene products, etc.), perform better than others during periods of rising prices.
- Treasury Inflation-Protected Securities (TIPS) are indexed to inflation. As inflation rises, the principal increases (or decreases with deflation). Interest payments based on the principal are made twice a year. Investors receive either the adjusted principal or the original principal at maturity.
Consult your financial professional to discuss investment selections for your portfolio with at least some potential inflation protection.
GE-7423289.1(12/24)(Exp.12/28)
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Duly registered and licensed financial professionals offer securities through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA,SIPC (Equitable Financial Advisors in MI & TN), offer investment advisory products and services through Equitable Advisors, LLC, an SEC-registered investment advisor, and offer annuity and insurance products through Equitable Network, LLC (Equitable Network Insurance Agency of Utah, LLC in UT; Equitable Network of Puerto Rico, Inc.). Equal Opportunity Employer - M/F/D/V. Equitable Advisors and its associates and affiliates do not provide tax, accounting, or legal advice or services.
R.I.C.H. Planning Group, LLC is not owned or operated by Equitable Advisors or Equitable Network. GE-6572038.1 (4/24)(Exp. 4/26)
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