Combat Inflation Risk in Your Retirement Savings
You've seen the inflation headlines. According to the Consumer Price Index (CPI), prices have risen 5% or more versus the prior year for three consecutive months. For context, the inflation rate between 2012 and 2020 never rose above 2.9%.
The higher inflation trend won't last forever, but even a temporary inflation spike slows the growth of your retirement savings. The effect can be direct or indirect:
At this point, you might be thinking: That's all well and good, but how do I protect myself from these bouts of high inflation? Here is your answer -- three strategies that'll help combat inflation risk in your retirement savings.
Source Fool.com
