Message:

<p>[QUOTE=&quot;mikem2000, post: 1910741, member: 30574&quot;]In my opinion it is&nbsp; a bit different than that.&nbsp; The first thing is when you are on what they call &quot;fixed&quot; income that really does not mean no&nbsp; increases. The social security portion is adjusted annually for inflation, so that is covered. Now when we get to the savings portion, that should grow also.&nbsp; Yeah, if you keep under your mattress you are most likley hosed, but you get it into a nice&nbsp; mix of assets you should should easily be able to match inflation, or even beat it depending on your risk tolerance.</p><p><br /></p><p>When you set up your budget, it should never be set for a set amount per year.&nbsp; The rule of thumb is your maximum withdrawl from you savings should be 4.5% and then you adjust that upwards for inflation each year.&nbsp; Since you are still growing your savings, you should be able to maintain those yearly upward adjustments[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in