Factoring Inflation Into Your Financial Plans

One of the reasons that investing is such an important part of your financial plans, including retirement planning, is inflation. Inflation is basically (in very simplistic terms) how fast prices rise. It’s how fast things increase in cost. And one term you hear about now is core inflation. Daniel Gross explains core inflation in Newsweek:
Catch that bit about “core inflation”? That’s Fedspeak for: inflation is under control, unless you look at the costs of things that are going up. The core rate excludes the prices of food and energy, which can be volatile from month to month.
But as you probably …read more