Will Inflation Derail Your Retirement Plan?

If rising prices have you concerned for your own retirement, consider these five inflation-survival strategies.

A train speeds through a railroad crossing so fast that it's just a blur.
(Image credit: Getty Images)

In 20-plus years of serving as a fee-only financial planner, I’ve seen several situations where external factors and individual choices have threatened to derail clients' financial plans. Some of these situations are preventable, and others are outside of our control. The key is to identify these threats early and determine whether adjustments are necessary to ensure the plans we create with our clients stay on track.

One of the retirement threats we all need to be talking about right now is inflation. We’ve been in a pretty tame inflation environment for several decades, and the assumptions built into financial planning software — which many financial professionals use to help develop and test people’s retirement plans — have hovered around 2.4% in many cases. This makes sense, given that the average rate of inflation in the U.S. from 1990 to 2021 is. 2.48%. But is that high enough, considering the state of our current economy?


This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Doug Kinsey CFP®, CIMA®
Founding Partner, Artifex Financial Group

Doug Kinsey is a partner in Artifex Financial Group, a fee-only financial planning and investment management firm in Dayton, Ohio. Doug has over 25 years experience in financial services, and has been a CFP® certificant since 1999. Additionally, he holds the Accredited Investment Fiduciary (AIF®) certification as well as Certified Investment Management Analyst. He received his undergraduate degree from The Ohio State University and his Master's  in Management from Harvard University.