Source: TD Ameritrade’s The Ticker Tape

— Read on tickertape.tdameritrade.com/retirement/your-retirement-savings-plan-inflation-15452

Key Takeaways

• Understand if your assets are keeping pace with inflation and cost of living increases
• Consider how even an “average” rate of inflation can cut into your retirement savings
• Take a look at some saving and investing suggestions that might help you combat inflation
• Most of us probably strived for better-than-average grades at school and better-than-average salaries at work. That being the case, it’s kind of surprising that so many investors seem to be comfortable having “average” retirement savings for their age.

Unfortunately, if your savings are just “average,” they probably aren’t going to account for inflation and cost of living increases both before and during retirement. The hard truth is that even after you retire, your assets will need to grow quicker just to keep up with higher prices.