Worried Inflation Will Wreck Your Retirement? Here's What to Do
In case you haven't noticed, inflation has been rampant lately. The cost of everything from gas to groceries to apparel has gone way up, and we could be in for many more months of high consumer prices before things start to settle down.
But while this recent bout of inflation is fairly extreme, some degree of inflation is normal, especially over time. In fact, if you're many years away from retirement, you can bet that pretty much all of your expenses will end up rising substantially between now and the time you leave the workforce for good.
If that's a concern of yours, it's understandable. Though Social Security is designed to give seniors raises, known as cost-of-living adjustments, to help them maintain their buying power in the face of inflation, often, those raises fall short.
Source Fool.com
