IncomePlus » Retirement Challenges » Inflation affects your savings
Inflation affects your savings
Inflation constantly erodes the buying power of savings
Maintaining a standard of living in the latter stages of retirement may be difficult if your client is not generating income that is outpacing inflation. This illustration shows the effects of inflation over time
The future value of $1000
| Year# | 0% | 1% | 2% | 4% |
| 1 | $1000 | $990 | $980 | $962 |
| 10 | $1000 | $905 | $820 | $676 |
| 20 | $1000 | $820 | $673 | $456 |
| 30 | $1000 | $742 | $552 | $308 |
IncomePlus can help grow savings to offset inflation.
