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Brown Cafe UPS Forum
UPS Retirement Topics
Retirement and Inflation
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<blockquote data-quote="olroadbeech" data-source="post: 4903598" data-attributes="member: 52145"><p>The trick about retirement and inflation is the same trick you should use all during your adult life.</p><p></p><p>Live below your means if possible. Invest extra money in conservative low cost mutual index funds that have a good history of keeping ahead of inflation.</p><p></p><p>we ran the numbers a hundred times before retiring. Very fortunate that we paid off hose beforehand and could live okay on just the pension alone. when social security kicked in it was all gravy.</p><p></p><p>we have only been retired 6 years and the stock market ( so far ) has done great. we havent touched our IRA's and 401k yet and they have been growing way more than our expectations.</p><p></p><p>If you havent retired yet I highly recommend you take care of all the high ticket items. Pay off house. Good vehicles. We bought all new appliances and made some major home improvements. At least 6-12 ( more is better ) months expenses in cash for emergencies. </p><p></p><p>so far so good........keeping fingers crossed.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 4903598, member: 52145"] The trick about retirement and inflation is the same trick you should use all during your adult life. Live below your means if possible. Invest extra money in conservative low cost mutual index funds that have a good history of keeping ahead of inflation. we ran the numbers a hundred times before retiring. Very fortunate that we paid off hose beforehand and could live okay on just the pension alone. when social security kicked in it was all gravy. we have only been retired 6 years and the stock market ( so far ) has done great. we havent touched our IRA's and 401k yet and they have been growing way more than our expectations. If you havent retired yet I highly recommend you take care of all the high ticket items. Pay off house. Good vehicles. We bought all new appliances and made some major home improvements. At least 6-12 ( more is better ) months expenses in cash for emergencies. so far so good........keeping fingers crossed. [/QUOTE]
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