Jonathan Jackson of Florida discusses stock market corrections and their effect on retirement income. He also offers some ideas on how to withstand stock market corrections.
Jonathan Jackson of Florida discusses strategies retirees can use to fight inflation in retirement. Sometimes it's difficult to imagine the significant impact inflation will have on budgets because of the slow and steady pace of price increases. But any retiree can tell you that inflation is one of the most significant financial obstacles to living a comfortable life. After all, a meager 2 percent annual inflation rate since 2000 would mean a 27 percent increase by now. If inflation were just one percentage more at 3 percent, then the increase in prices would be 43 percent.
When it comes to Social Security benefits, there are several alternatives. Jonathan Jackson discusses strategies retirees can use to fight inflation in retirement. It can be very confusing knowing when to file for benefits. Taking the money early might seem attractive, but it means settling for a lower monthly payment for the rest of your life.