The fear of running out of money in retirement can be a massive financial stressor. In recent years, one of the main factors that has fueled that fear has been inflation. While inflation is a risk factor that is out of our control, it’s something that everyone can and should plan for. We’ll review 10 ways you can fight inflation in retirement.
Before reviewing those 10 ways, we want to share some compelling data about inflation from Gallup’s 2024 Economy and Personal Financial poll.1 Every year since 2005, Gallup has surveyed Americans from April 1-22 to determine to primary financial issue that their family was dealing with. Figures 1 and 2, show how inflation has become a growing concern for U.S. families, even though the rate of inflation has slowed since it’s high point of 9.1% in June 2022.2
