The Silent killer of your money – Inflation

The remedy for protecting your investments and savings accounts from inflation is fairly straightforward and involves following some simple math. If you earn 2% on a bank CD and inflation is running at 2%, you have essentially broken even. You would not have earned or lost any money. However, there are taxes due on the 2% in earnings which results in a net loss. So, it is not enough to simply keep up with inflation, you must earn more than the anticipated rate of inflation and taxes combined.

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