I always hated when my parents talked about “the good ole days.”
Let’s take a step back in time to the year 1950 and remember what things cost at that time:
- Gallon of Milk: $0.82
- Gallon of Gas: $0.20
- Loaf of Bread: $0.14
- Postage Stamp: $0.03
- Sirloin Steak: $0.77 per pound
According to the US Commerce Department and US Census:
1950 average car cost: $1,510
1950 median home price: $7,354
If you want to help your family or grandkids with college, check this out.
In 1950, the cost for the University of Pennsylvania was $740 for room, board, and books.
Today… well, it’s “a bit” more expensive.
Offsetting the impact of inflation is a critical part of planning for your ideal lifestyle, and for leaving a legacy. Inflation erodes your lifestyle and your capital.
Put simply, if your retirement lasts longer than two dozen years (the average life expectancy for a 60-year-old), you will likely see the cost of today’s lifestyle DOUBLE during that period of time.
Think what that means for your children and grandchildren.
Inflation also erodes your freedom… unless you put it to work.
Beating the power of inflation requires the right mix of predictable income, safe money, and growth-oriented investments. We can help you
- Put inflation to work
- Protect your lifestyle
- AND protect your freedom during your retirement
We are here to help you put inflation to work. Fill out this form and let’s get started!