5 Ways to Fight Inflation’s Impact on Your Retirement Plan

Floral Separator November 6, 2022 By : Quick Insurance Guru

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[{"selector":"#anim-aa8c1062-ad6e-4ea8-8959-21ed42741ee6","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-73aab29a-7833-423d-aba8-cb6750e5413a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f8bc2709-c05c-457f-a1d6-60f33c374411","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-33dc2d69-34c0-47ab-ab93-b5fe6baf5eaf","keyframes":{"transform":["translate3d(113.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] One survey found that inflation is America's biggest issue, and worry about it is acute among those aged 50 and older. One survey found that inflation is America's biggest issue, and worry about it is acute among those aged 50 and older. Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-0841727b-46da-488f-b007-4df8b0c4a7dd","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f0225a43-adf4-423f-a12b-2347f79da5e0","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-84d54979-4f71-4c22-9b89-a8c9d152d568","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d3d6c03d-182d-4c46-86ae-1b33b425a63b","keyframes":{"transform":["translate3d(113.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Four out of five Americans in that age bracket express unease about inflation in retirement, with 84% of preretirees having that sentiment compared to 76% of retirees. Four out of five Americans in that age bracket express unease about inflation in retirement, with 84% of preretirees having that sentiment compared to 76% of retirees. Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-c7c6fe46-d50b-4ead-a989-940811c2eb7d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3e1f9d8b-b85e-460a-a7a3-ec408e372d2d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-068e66aa-24fe-4660-a786-e706e2b31114","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6c27ef5-321b-46a5-ad58-f2f4e5ad95d3","keyframes":{"transform":["translate3d(113.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Inflation is up 8.3% year-over-year in August, which prompted another significant interest rate hike by the Federal Reserve. Inflation is up 8.3% year-over-year in August, which prompted another significant interest rate hike by the Federal Reserve. Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-0fee7ca5-f287-4b10-b076-9f889d7322b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-11095f1d-00cb-46c6-99d9-f0290c9802d6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-720af5f4-426b-4d29-97ea-7c8b9b1461c5","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0374fe5e-7fb2-43db-9e34-98d3742afc81","keyframes":{"transform":["translate3d(113.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Inflation can be problematic for a person with a fixed income, particularly if it means that it reduces purchasing power. Inflation can be problematic for a person with a fixed income, particularly if it means that it reduces purchasing power. Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-813fdfd5-d2bf-443b-bd2e-0e71287beb0f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c2c78a1a-63bf-4bc0-94bc-c0f0cc727fd2","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-3873adff-5898-4b7f-b475-0fafaa486eeb","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-32924b23-8cf1-4747-8bc5-a6f8f5ce4ff9","keyframes":{"transform":["translate3d(113.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Inflation is very good for working people who have earned enough to make enough money saving for retirement. Inflation is very good for working people who have earned enough to make enough money saving for retirement. Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-ec536665-f285-483d-a0c7-c266fe5b6e56","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7b23375f-750f-44bb-ae4d-e7d3eb2389de","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-515b6cb0-beb3-4082-9c4e-71919837cefe","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b31aa6b-a78e-4713-9922-61cd77c1e667","keyframes":{"transform":["translate3d(113.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 1. Do an In-Depth Budget Analysis 1. Do an In-Depth Budget Analysis Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-a0a2ac5c-42a4-46b6-967d-34714c319e24","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-bf75874e-99df-412d-95ce-c40981945a78","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-cd9d3279-2339-460d-8598-222a7a0c38a1","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-34273442-fd0b-467e-b6b0-8824ebf16698","keyframes":{"transform":["translate3d(113.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 2. Consider Inflation-Protected Annuities 2. Consider Inflation-Protected Annuities Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-50788054-22f8-445d-8eb9-5b474f326959","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0b247b8c-3550-453f-8ff0-156332ace6e1","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-54fc03e3-3e72-4663-a4a6-5434560075cd","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c57540d-1e1b-4213-a325-16a18da60252","keyframes":{"transform":["translate3d(113.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 3. Draw on Cash, Keep Your Portfolio Balanced 3. Draw on Cash, Keep Your Portfolio Balanced Credit : Unsplash Credit : Unsplash

[{"selector":"#anim-b506fa99-9eb5-4109-98e5-3a86e5f28b7e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-93f325b6-bf11-4300-871b-91baef46b983","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1ad00bd5-26ec-4ffa-88d0-c663e221b301","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1cacdaf8-638a-4c88-8e01-6ae1f2dafa84","keyframes":{"transform":["translate3d(113.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 4. Delay Claiming Social Security Benefits 4. Delay Claiming Social Security Benefits Credit : Unsplash Credit : Unsplash

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