Right now, inflation is top of mind for everyone, including retirees. Inflation is important. But it is only one of the risks that retirees have to plan for and manage. And like the other risks, you can build a plan so that rising costs (both actual and feared) do not ruin your retirement plan.
Inflation and Your Budget
Remember that in retirement your budget is different than when you were working, and you will be impacted in different ways. And, of course, when you were working your salary and bonuses might have gone up with inflation, which helped offset long-term increases in costs.More