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AGATE FINANCIAL SERVICES

Helping you make Smarter choices about your money

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20 Hartman Drive
Moose Lake, MN 55757
  • Phone:
    (218) 485-5725
  • Fax:
    (218) 485-5720
  • E-mail address: craigp@agatefins.com
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  • 57% of U.S. workers have saved less than $25,000 for retirement.* -- *2015 Retirement Confidence Survey, EBRI
  • Only 48% of Americans know how much money to save for retirement.* -- *2015 Retirement Confidence Survey EBRI
  • 50% of retirees left the workforce earlier than planned.* -- *2015 Retirement Confidence Survey EBRI

Helping you make Smarter choices about your money

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  • AGATE FINANCIAL SERVICES
  • 20 Hartman Drive, Moose Lake, MN 55757
  • (218) 485-5725 | craigp@agatefins.com

Impact of Inflation

Over Time, What Is the Long-Term Impact of Inflation?

According to the Bureau of Labor Statistics, inflation has averaged about 2.5 % over the past 10 years.

Over time, the effects of inflation can erode the value of your savings. At the end of an inflationary year, a dollar buys a little bit less than the year before. This calculator is designed to estimate the future cost of an item based on today’s prices and the rate of inflation you expect.

Your Results

The results below show the projected future cost based on the time frame you selected and the rate of inflation you expect over that period. How will you stay ahead of inflation? There are strategies you can implement to help your savings and investments keep pace with inflation over the long term.

The current cost of what you want to buy: $0.00
How many years before you will buy this item: 0.00
Annual inflation rate that you want to assume: 0%
The future cost based on the information you entered: $0.00

The graph below illustrates the incremental year-by-year increase in prices based on the factors you input. Even at relatively low rates of inflation, the cost of goods and services can rise dramatically over time. For example, assuming 4 percent inflation, the value of $1 would be cut in half every 18 years. That means if you are currently 30 years old, prices will have quadrupled by the time you reach retirement age, assuming 4 percent annual inflation.

Impact of Inflation

 

This hypothetical example is used for illustrative purposes only. Actual results will vary.

The information in this calculator is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Emerald Connect, LLC.
© 2019 Emerald Connect, LLC. All Rights Reserved.

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Contact Us

20 Hartman Drive
Moose Lake, MN 55757
  • Phone:
    (218) 485-5725
  • Fax:
    (218) 485-5720
  • E-mail address: craigp@agatefins.com
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Market Watch

Last Closing Prices

Ticker Name Percent Difference (when noted with %) otherwise Last Price Difference (where applicable)
Dow Jones Industrials 26,462.08 -0.51%

[ Markets | Charts | Quotes | Portfolio ]

Market data delayed per exchange rules.
All quotes are in US Eastern Time (EST).
Market data provided by ICE Data Services. ICE Limitations. Powered and implemented by FactSet. Legal Statement.

  • Home
  • Who We Are
    • Our Firm
    • Mission and Values
    • Our Associates
    • Our Qualifications
    • Our Location
    • What's New
    • Tell A Friend
  • What We Do
    • Services and Products
    • Values-Based Financial Planning™
    • Help Us Help You
    • What to bring to your meeting
    • Ideal Client Profile
    • Client Access
    • What's Happening
  • Resources
    • Articles
    • Calculators
    • Flipbooks
    • Newsletters
    • Glossary
    • Tax Library
    • Videos
  • Market Watch
    • Detailed Quote
    • Symbol Lookup
    • Multi Quote
    • Markets at a Glance
    • Charting
    • Portfolio
  • Request A Quote
    • Long-Term Care Insurance
    • Life Insurance
    • Disability Income Insurance
    • Information Request
  • Contact Us

Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured First National Bank of Moose Lake deposits and are not FDIC insured. These products are not obligations of the First National Bank of Moose Lake and are not endorsed, recommended or guaranteed by First National Bank of Moose Lake or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible. First National Bank of Moose Lake and Agate Financial Services are not registered broker/dealers and are not affiliated with LPL Financial.

 

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: Minnesota and Florida.

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