The hottest topic on the nations mind right now is arguably inflation. Everything seems to be skyrocketing in price from gas, groceries, and housing. I want to take a deep dive in the hopes of helping you better understand the current economic situation and let you decide how its best for you moving forward in how to combat inflation.
Read MoreThe choice seems obvious, but I assure you for most people it’s not. Let me lay out the details to help you understand the facts behind these numbers and how you may come to realize it’s a more difficult decision than you may think.
Read MoreIf $1 in 1981 is equivalent to $2.96 in purchasing power today, you would have needed your monthly income to go from $1,000.00 monthly to $2,960.00 monthly just to keep up with the cost of goods today in 2021. Unfortunately your policy only paid you out $1,000.00 per month leaving you incapable of affording goods as years go buy.
Lets use another example to break this down better. IF you invested $100,000.00 in the S&P 500 in 1981, the nominal value would be $7,667,470.00. While taking into account the rising inflation cost and capital gains taxes the real return would be roughly $2,100,000.00.
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