Data released last week by the Bureau of Labor Statistics showed that the consumer price index (CPI), a measure of prices that Americans pay for everyday goods and services, rose 0.5% from June and 5.4% from a year ago. Folks, inflation is here to stay, in our opinion, for two to three decades! If you are approaching retirement, we recommend delaying it until you are absolutely positive your 401(k), and other investment assets, can easily withstand inflation rates even higher than the 5.4% increase reported last week.

If you are considering retirement, and are unsure if you’re really ready due to rising inflation, contact our office today at (859) 223-6333 or sfa@spectrumalliance.com. Spectrum Financial Alliance, Ltd., LLC – One of Kentucky’s largest Registered Investment Advisors. For 26 years, we have remained committed to helping individuals work toward and maintain a happy and healthy retirement.

Sources: https://cnb.cx/3gt8KwR, https://bit.ly/2Wl70OG

*Full listing of all disclosures (bit.ly/3lGX3mM)

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