© blackred / Getty Images/iStockphoto
Thanks in large part to strategic moves by the Federal Reserve, the U.S. has seen very little inflation for the past 25 years. Still, as anyone who’s lived through a sky-high inflationary environment can attest, 10-percent-per-year inflation can happen.
Inflation “can be devastating for retirees,” said Struthers. “If we are in retirement for 30 to 40 years, and we have a fixed income stream, its purchasing power can easily be cut by 60 to 70 percent.”
To combat inflation’s effects, Struthers suggested investing in inflation-sensitive assets like Treasury inflation-protected securities (TIPs), I-Bonds and real estate.
You might think that buying products at bargain-basement prices is the best way to save…
It's easy to say you want to save more money. It's harder to know where…
You've found your style, you've witnessed some of the best music ever created, and you…
Turn your old junk into serious profit What's old isn't always new again, but your…
Divorced in Retirement? Getting divorced can throw a wrench into your financial planning. And if…
Here’s what could be behind that high electric bill Nobody likes to get a high…