Financial Tip Tuesday: What is Inflation?

Paul DursoAsset Management, Investing, Planning, Retirement, Risk Management, SavingLeave a Comment

Inflation is defined as the increase in the price of products over time. Inflation rates have historically fluctuated over the years. Sometimes inflation runs high, and other times it is hardly noticeable. The short-term changes aren’t the real issue. The real issue is the effects of long-term inflation. Over the long term, inflation erodes the purchasing power of your income … Read More

Defining income in retirement: Above Ground vs. Below Ground

Paul DursoAsset Management, Life Style, Planning, Saving

How much money do you need to retire? We’ve all seen the commercials asking, “what’s your number?” The commercials are referring to the amount of money you’ll need throughout your retirement. A recent survey by TD Ameritrade said that one in six baby boomers surveyed believe they’ll need $1 million to retire. The study also revealed that a majority of … Read More