How Inflation Hurts Retirees and How You Can Protect Yourself
by Geoffrey Johnson, IAR, Retirement Income Certified Professional®
Mar 06, 2022
3 minutes
What is inflation, and why does it matter?
In simple terms, inflation means prices are rising, and your purchasing power is declining. It’s that painful pinch you feel when you pull out your wallet at the grocery store or gas pump.
If you’re on a limited or fixed income — as many retirees are — inflation can take a significant toll on your lifestyle and your nest egg. You may have the same
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