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Groundhog Day: 7 mistakes retirees make repeatedly

19.05.12

Inflation's impact is real, and ravaging over time. To illustrate its effect to his clients, financial adviser Allan Flader of RBC Wealth Management in Phoenix reminds them of the change in the price of a stamp over the past three decades -- the length of many retirements nowadays. The cost of mailing a letter has gone from 18 cents in 1981 to 34 cents a decade ago to 45 cents today.


Source: Boston.com

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