According to a recent Morgan Stanley survey, 66% of employees (vs. 62% in 2022) have reduced contributions to retirement savings, citing inflation and/or recession concerns. Why is this counter intuitive? Inflation is one of the biggest reasons NOT to cut back or even stop contributions to your savings! Over time, the cost of living rises and erodes your purchasing power. The ONLY way to beat inflation is to earn more from your savings than inflation itself. The more you save, the closer you can get to beating inflation. Build your savings 1st, and invest the rest. #beatinflation #inflation #personalfinancetips #retirementsavings #retirementincomeplanning #savingstips... ( read more )
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Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)