Costs to Include in Your Retirement Budget
Article Excerpt: "... inflation means that costs when you reach retirement age will almost certainly be higher than they are when you are saving. “Regardless of the expenses you've budgeted, do not, under any circumstances, neglect to consider (and plan for) the inevitable effect of inflation upon your retirement. Money now simply doesn't have as much spending power as money in the future,” Mark Boehm, principal at Alpha Wealth, says. Considering that your day-to-day expenses will change..."
Resource: www.msn.com