when planning for retirement, it is important...
when planning for retirement, it is important to be aware of future challenges. how can inflation affect your retirement savings? choose 1 answer: a inflation can increase the value of your savings over time. b inflation can decrease the value of your savings over time. c inflation only affects the value of your savings if you invest in stocks.
Answer
# Brief Explanations:
Inflation is the general increase in prices over time. As prices rise, the purchasing - power of money decreases. Retirement savings are in the form of money. So, the value of the same amount of retirement savings will be able to buy fewer goods and services over time due to inflation.
# Answer:
B. Inflation can decrease the value of your savings over time.