While inflation has certainly been in the news lately, one topic that doesn’t seem to be discussed all that often is private pensions, unlike Social Security payments, typically don’t offer a cost-of-living adjustment that keeps pace with inflation rates. While State and local government pensions do typically offer increases, that sometimes causes those who are in the private sector to assume their pension does the same. This difference means that those receiving private sector pensions may need to focus more on their future income stream in order not to get too much behind the inflation eight ball. Call us, we can help you crunch the numbers and try to determine what kind of deficit you should look to make up. We’re always here to help.
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This commentary was created by a third-party for the Agent’s use. NTM 08-27.