Day four National Retirement Planning Week...Inflation

Here we are at day four of National Retirement Planning Week. I've been sharing important aspects to any retirement plan. 
On Monday I started with having a budget and an emergency fund. Tuesday it was understanding your risk tolerance.
Wednesday I shared the importance of when and how you take your Social Security benefits. And today let's look at inflation. Interesting thing inflation. If you're trying to save money in an interest bearing account, of course you'd like the rates to be up. But if you need to borrow money you want lower rates. There was a time in 1981 that lending interest rates were at 18%. Well for awhile now rates have been low so if your trying to save especially for retirement, it's been tough. Rates have risen a bit and when planning for retirement you have to factor in inflation to make sure your withdrawal rate doesn't exceed what your making in interest bearing accounts.
Inflation is just one of several factors you must consider when planning for your retirement.
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