retirement saving

If you are part of the baby boomer generation (born between 1944 and 1964), you already know how important it is to save for your retirement. Little remains of the security our parents once enjoyed through company pensions. Today, the responsibility for retirement saving has shifted from employers to employees, and Social Security provides only a base level of income.

We’ve all been there: scratching our heads wondering what to do with all the retirement savings accounts. Too many choices can be overwhelming, until you step back and realize that there are actually only three questions.

It’s fairly common for discussions of retirement planning to focus solely on the financial aspects of securing a comfortable retirement. However, few individuals take the time to consider the nonfinancial concerns.

You hear it all the time: you should make sure your retirement savings at least keep pace with inflation. 
But what is inflation and how does it really affect your retirement savings? Let’s explore. In simple terms, inflation is defined as an increase
in the general level of prices for goods and services.