Generate Income in Retirement and Prepare for Inflation

<p>Have you given much thought to the mechanics of how you’re going to get <em>paid</em>, after you retire?  David Blanchett, head of retirement research for <em>Morningstar</em>, says there’s actually some <em>disagreement</em> over how that should work.  So, what’s the difference between just <em>spending down</em> your nest egg … and <em>using</em> that nest egg to generate <em>income</em>?, So, what about prices <em>today</em>?  Well, the cost of seeing a <em>doctor</em> is 5% higher today than it was this time <em>last</em> year.  The cost of toilet paper is nearly 8% higher.  The price of a bag of oranges is nearly 10% higher … and the cost of filling your gas tank?  That’s more than 22% higher than last year!  In other words, our buying power is going backward!  If this trend continues, what could that mean for our buying power <em>in retirement</em>? </p>