Yes, inflation affects everyone. Yet, it affects everyone very differently. Your lifestyle is based on your income and your expenses. Sometimes, people who have a high standard of living but not a high enough income end up borrowing money to make up the difference. When inflation rises, borrowing money becomes very expensive.

The Internal Revenue Service (IRS) announced increases to the contribution limits to retirement savings accounts and pension plans in 2019. Workers will now be able to contribute more to tax-smart savings plans.

For many who can consider it, a second home may be an important part of getting today right. Within a second home discussion with clients, we consider scenarios where a second home is a 10, 20 or 30 year decision.

When it comes to your estate planning and inheritance preparation, avoiding probate is always in your family’s best interest.

Inflation should always be something to consider when planning for the future, especially when it comes to the investments that will give you an income during retirement. Because of the nature of inflation, it lowers your returns.

The complexities of tax and estate laws are great and consistently changing. These changes have a trickle effect on other decisions.

It’s frustrating to know that the dollar just doesn’t go as far as it used to compared to the past decades. However, understanding how it works, how inflation is measured, and how it affects your finances will levy the frustrations and insecurity over future inflation.