Financial Advisor Jay Tyner discusses how higher gas prices and inflation will affect your retirement and income planning.

Greensboro, NC – December 7, 2012 – Jay Tyner, President and Founder of Semmax Financial Group, recently discussed how gas prices will affect your retirement planning and how inflation is a “stealth tax” waiting to happen.

“Gas prices affect us in many ways. The vast majority of what we eat and what we wear gets to stores by long haul truck delivery. For example, higher oil prices increase the production cost of fertilizers and food processing and these higher costs are passed on to consumers in the form of higher prices at the grocery store. As these cost increases ripple across multiple supply chains, they can push core inflation higher,” remarked Jay Tyner.

The inflation rate in America is based on the Consumer Price Index (CPI) and is calculated by the government monitoring a “market basket of goods and services” to accurately index the cost increases we all deal with over time. The Bureau of Labor Statistics explains that the CPI represents all goods and services purchased for consumption by the reference population. These goods and services are broken into major categories such as Food/Beverages, Housing, Apparel, Transportation, Medical Care, Recreation, Education/Communication and others.

“The CPI does not include investment items, such as stocks, bonds, real estate, and life insurance, since these items relate to savings and not to day-to-day consumption expenses,” explained Jay Tyner. “I found that quite interesting, because it is blind to market pressures and it excludes taxes which we already know are going up, starting in 2013. So, my clients who are in retirement face an increase in their cost of living due to higher taxes, but there isn’t any relief for that cost.”

Jay also offered three insights as to how this information informs the retirement-planning strategies for his clients. “First, taxes are undoubtedly going up. Second, regardless of economic maneuvers (what they call quantitative easing), what our clients buy is likely to get more expensive – even if the government’s ‘basket’ doesn’t want to own that reality.  Finally, we keep a close eye on our income-planning strategies, so that the retirees who place trust in us can continue to live the lifestyle they earned.”
With offices located in Winston-Salem and Greensboro, NC, Tyner can be reached at 336-856-0080 or www.semmax.com.

About Jay Tyner:

President and founder of Greensboro, NC based Semmax Financial Group, Inc., Jay Tyner, RFC, brings 20 years of experience helping retirees and pre-retirees structure financial security. Tyner’s approach to retirement planning differs greatly from most financial planners who strive to get their clients TO retirement; Jay Tyner’s focus is to get his clients THROUGH retirement by providing a complete financial plan that utilizes strategies unique to each client’s needs to successfully get them through 25+ years of retirement.

Semmax Financial Group is a full-service wealth management firm committed to serving the complex financial needs of today’s retirees and pre-retirees; providing active financial investment management services, competitive insurance solutions and income tax planning.

Best-selling author of the book “Tsunami Proof Your Retirement”,  Tyner’s approach to retirement planning is conservative and in high demand as he is regularly broadcast on television and published in numerous local and national media including: ABC, CBS, FOX, NBC, CNBC, the Associated Press, The Wall Street Journal, Forbes, the Washington Post, the Street, USA Today and many others. Tyner co-hosts a weekly radio show, “Financial Safari” on 94.5 Rush Radio, WSJS 600 AM, and WTRU 830AM & 97.7FM as the North Carolina Triad’s local trusted financial advisor.