Inflation is something that most people are tired of hearing about because they know it hurts their buying and saving power. While there is little that can be done about it on a national and global level by the individual, every person nearing retirement, or those who have already retired, should be concerned about the possibility of running out of money. The good news is that you can take steps to help negate some of the effects of inflation.
Every year, inflation causes people to spend more money to get the same products as the year before. For people not yet retired, it likely hurt your retirement investment plan because you could not put as much money into savings as you did when there were lower inflation rates.
