Sunday, August 17, 2008

Inflation Hitting Retirees

Another article I read yesterday about finances and retirees is how inflation is robbing the elderly of their retirement plans. When they made their retirement money plans, they did not account much for inflation, since inflation has not really been a problem for quite some time. However, it is raising its ugly head and having consequences now. So, retirees who wanted to travel more or have fun, are not realizing their dreams, or at least having to cut them back. Same old story: either the retirees have to scale back or return to work. In this case, I vote for people to return to work, at least part time. If they can find something they enjoy doing, they will keep their skills and memory sharp and not have to worry so much about finances. If they work part time, they would still have time to travel too.

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