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How Inflation Could Affect Your Retirement Thumbnail

How Inflation Could Affect Your Retirement

Retirees are often aware of the detrimental effects of inflation on their retirement savings. As the cost of goods rises, the value and buying power of retirement accounts can diminish. For some retirees, maintaining their savings and lifestyle becomes a challenge. Savings accounts may seem like a safer option, but they generally lose purchasing power because the rate of interest is less than the inflation rate. Fortunately, there are different methods retirees can use to adjust for inflation and to help protect the value of their retirement.

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