Managing Retirement Savings Amid Rising Inflation

managing retirement savings

As inflation continues to climb, many people are wondering how far their retirement savings will actually get them. Consumer prices rose 8.5% last month compared to the year before. There’s a lot of financial anxiety among Americans. Especially those who are on fixed incomes or already retired.

Your retirement plan will certainly change when you’ve planned on 3% inflation rates and that rate has doubled and then some. You’re going to need to establish new money-saving strategies as well as make sure you have moved your cash to smart investments to keep up with inflation.