When financial advisors are working with clients to figure out their retirement strategy, they need to factor in inflation into the mix. But the question is, how does one decide what inflation is likely to be years into the future when there are so many different ways to measure it even in the present?
When Raymond James Financial Services advisors evaluate clients’ retirement needs these days, they tend to plug a figure of 3% annual inflation into the platform’s financial planning software before embarking on their clients' various retirement planning and retirement income strategies.
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