@giveeveryassetajob: Inflation isn't loud. It doesn't make headlines every day. But it's quietly eating away at your retirement savings right now. 📉 1. Your purchasing power shrinks every single year. A dollar today won't buy as much in 10 years. At just 3% inflation, $100,000 in today's dollars becomes worth only about $74,000 in purchasing power after a decade. 💰 2. Fixed income sources lose ground over time. If you have a pension without cost-of-living adjustments, or you're relying heavily on bonds paying fixed interest, inflation gradually makes those payments worth less and less. ⚠️ 3. Healthcare and education costs rise faster than general inflation. These categories have historically gotten more expensive faster than the rest of the economy. This makes planning for your kids or grandkids' education or your own medical bills in retirement much trickier. To learn more about what you can do about things like inflation from a retirement transition planner, hit follow. Carl Woolston is a financial advisor in Salt Lake City, Utah, serving clients nationwide. #moneytok #retirement #PersonalFinance #inflation #financialliteracy

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