Enter information about inflation
Enter an estimated rate of inflation(Inflation is a rise in the price of commodities and services. Inflation occurs when spending increases and supplies decrease. Moderate inflation is an expected result of economic growth).
- Inflation rate is the percentage you expect the cost of living to rise each year. The Lifetime Planner increases your living expenses by this amount each year unless you specify a different rate of increase.
- The Lifetime Planner applies the estimated inflation rate you enter here to all other parts of your plan that take inflation into account.
- Keep ahead of inflation by building an automatic increase into your plan. Consider using a 3-percent inflation rate as a basic planning assumption. It's been the average over the past 50 years.
- For general information on filling out the Lifetime Planner, see the Tips topic.
Return to Get started with the Lifetime Planner.