Inflation is sometimes called ‘the silent killer’ – how to manage it
Americans are spending more money because of high inflation — this can be a big problem for older individuals living on a fixed budget.
For some, it may mean taking out more money from their 401 plans and IRAs, which can disrupt a retirement spending plan, while others might try to cut expenses to make ends meet. Still, inflation should be considered when planning for retirement – and some retirees may want to make adjustments to their portfolios after consulting with their advisers.
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