Impact of Inflation  
Over time, the effects of inflation can erode the value of your savings. At the end of an inflationary year, a dollar buys a little bit less than the year before. This calculator is designed to estimate the future cost of an item based on today’s prices and the rate of inflation you expect.
     

1. Enter the current cost of what you want to buy.

$

2. How many years before you will buy this item?

3. Enter the annual inflation rate that you want to assume. (Inflation has averaged 3 percent over the past 10 years.)

%
 
   
   

*T. Ray Phillips is a Registered Representative of, and offers securities, investment advisory and financial planning services through MML Investors Services, Inc., Member SIPC. 900 E. 96th St., Suite 300, Indianapolis, IN 46240. 317-469-9999.


LICENSING: I am licensed to sell insurance in the following states: FL, IL, IN, NC, OH, OK, TX. I am licensed to sell securities in the following states: CA, IL, IN, NC, OH, OK. I cannot communicate with, nor respond to requests from, users who reside in states where I am not licensed to conduct insurance and/or securities business.



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