You may have heard that most people think that when it comes to retirement, the biggest risk comes from inflation.
But, you may not know exactly what inflation means.
In fact, it’s not just the price of living that rises when you move from a state of low inflation to one of high inflation.
As the chart below shows, you can lose a substantial amount of money if inflation is too high.
This is why you need to take action when your unemployment insurance is set to expire.
First, pay attention to what’s going on with your unemployment benefits.
If you have one of your benefits scheduled to expire in the next 12 months, it might be best to consider buying another benefit.
That way, you don’t have to pay more for it and you’ll get the same amount back as before.
Second, be sure to update your money management plan to include any changes that may come with a higher unemployment benefit.
For example, if you receive a $5,000 benefit each month, you could start your money-management plan in August and continue it through the end of 2019.
But if you have a $50,000 monthly benefit, you’ll have to make changes to your plan by January 1, 2020.
That means you’ll need to adjust your plan for inflation each month.
In order to make sure you don,t get hit with the highest monthly benefit when you retire, it pays to be careful with your money.
Here are some tips for saving on your retiree benefits.