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MoneyRates.com Assesses Retirement Plans for Father's Day

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Advice on factoring inflation into retirement savings

Foster City, CA: June 5, 2019 - MoneyRates.com helps savers and investors consider how well-prepared they are for retirement, in today's report: A Father's Day Look at Your Financial Future.

Even assuming that inflation continues at the same moderate rate of 2.64%, the average over the past 35 years, common purchases should cost significantly more 35 years from now than they do today. For example:

Item

2019 cost

2054 estimated cost

Loaf of bread

$2.35

$5.86

Average homeowner's insurance (year)

$1,228

$3,060

Mid-sized car

$25,000

$62,000

Typical house

$250,000

$623,000

MoneyRates.com's spokesperson, Richard Barrington, explains that "for every dollar you want to have available to spend in terms of today's prices, you'll need $2.49 to have the same purchasing power in 35 years."

Today's report guides consumers on how to prepare retirement savings for inflation, including advice on:

  1. Beginning to save early in adulthood
  2. Planning to extend your career
  3. Adjusting retirement plans annually for inflation
  4. Taking advantage of 401(k) retirement matches
  5. Including growth investments in portfolios

See the complete article here: https://www.money-rates.com/advancedstrategies/prepare-retirement-savings-for-inflation.htm

About MoneyRates.com

MoneyRates.com is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. QuinStreet is committed to providing consumers and businesses with the information and tools they need to research, find and select the products and brands that meet their needs. MoneyRates.com is a member of the company's expert research and publishing division.

Since 1998, MoneyRates.com has served as a personal finance resource designed to help readers make the most of their money. In addition to a variety of financial calculators, MoneyRates.com researches and tracks CD, savings, and money market rates offered from over 400 financial institutions across the country to offer expert advice on banking, investing and retirement planning.

Website: www.MoneyRates.com

Twitter: @MoneyRates

Facebook: www.facebook.com/MoneyRatesdotcom

Press Contact

Jacqueline Leppla
jleppla@quinstreet.com
775-321-3608

Or:

Liberty Communications for QuinStreet
Rick Judge, 415-429-5652
QuinStreet@libertycomms.com

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