Inflation Could Wreck Your Retirement. Here's How to Avoid Letting That Happen.
It's a perpetual risk but one you can mitigate.
Overview
A big part of planning for retirement is anticipating different threats. A stock market crash, for example, could upend your finances, especially if it happens early on. And you can address that threat by building a cash cushion so you don't have to immediately tap your portfolio in retirement when it's lost value.
Another big threat to your retirement is none other than inflation. Over time, the cost of living could rise substantially even if year-to-year increases are modest. If you don't have a plan to beat inflation, it could erode your purchasing power and eventually put you at risk of running out of savings.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.