Inflation and longevity are two factors that must be considered in retirement planning
The financial advisers at the Walton Financial Group in Barrie Ontario will help you plan for retirement factoring in inflation and longevity
Don’t ignore inflation in your long-term planning. If you need, say, $50,000 a year today to cover your living expenses, you will need about $82,370 by 2035. All your thinking about future needs should include an estimate for inflation. Don’t ignore inflation or longevity in your planning . Take the need to finance a very long life. seriously. Face it: You may live a lot longer than you think. Lifespan has increased steadily in Canada over the past few decades. In 1950, if you were a male you had a life expectancy of 66. By 2013, it was 80.
In fact, if you and your spouse are 65 now, the odds of at least one of you reaching age 90 are probably much higher than you think.
Talk to a financial adviser at the Walton Financial Group in Barrie Ontario today and get expert advice about retirement planning that takes the effect of inflation and increased longevity into account
