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The Silent Killer of Retirement Savings

Rob West identifies the so-called “silent killer” of retirement savings: inflation. The bottom line is that your money—bit-by-bit—loses value. That’s why what used to cost $75 now costs $100.

As your money loses purchasing power, you need more just to stay even. Consider this: At three percent inflation, a $50,000 per year lifestyle today will cost $90,000 just 20 years from now.

It is for this reason that simply putting your retirement savings in the bank or in low, fixed-rate return investments exposes you to the silent killer of inflation. To keep pace with inflation, you need something with more return potential, such as investing in stock-based mutual funds such as those offered in the BMA America retirement plan.

Are you concerned about your current retirement strategy? Contact us today!

Source: Faith Fi Weekly Wisdom – Rob West – 07-27-23

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Steve Crawley, PhD

BMA Financial

Executive Director


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