Effect of Inflation on Retirement
With inflation averaging about 3% historically over the years, for most, year to year, that's not a huge deal. However, when looking at a retirement period of 20-30 years, it becomes a bigger deal. <img src="http://static1.squarespace.com/static/5119627ae4b0be6d8d09a4c8/t/53f667f8e4b0a36a84f8772f/1408657400256/" alt="Jamie Hopkins Source: forbes.com" /&
During retirement, some assets become at risk when adjusting for inflation for diversifying among asset classes rings true in this case, explains Jaime Hopkins, Forbes Contributor, Associate Professor of Taxation at the American College and Associate Director at the New York Life Center for Retirement Income.