Many people spend years planning for retirement and the obvious financial risks that come with it — stock market downturns, healthcare expenses, and the possibility of Social Security benefit cuts.
But one of the biggest threats to retirement may be less obvious and equally problematic
That threat is inflation. Even when inflation levels are moderate, higher prices can steadily erode retirees’ buying power year after year. The bad news is that inflation isn’t a problem that’s going to go away.
The good news is that with the right approach, you can set yourself up to beat or at least keep pace with it. Lean on the right investment mix to fight inflation A lot of people are quick to shift into a conservative investment portfolio when they retire. And after working so hard to build retirement savings, that makes sense to a degree.