The article discusses the increasing concern over inflation among retirees, noting that 78% of workers fear its impact on their retirement security. Inflation diminishes the purchasing power of savings and necessitates adjustments in withdrawal strategies. To mitigate the effects of inflation on retirement portfolios, the article suggests regularly updating budgets, reducing discretionary spending, and investing in inflation-protected assets such as real estate, stocks, or high-yield savings accounts. These proactive measures can help individuals navigate ongoing inflationary pressures more effectively.
Retirees are worried about inflation eating away at their retirement portfolios.
Following these five strategies can help you stay ahead of inflation.
It's good to check on your budget every few months to make sure it reflects your current habits.
Invest in Inflation-Protected Assets.
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