3 Ways Retirees Can Inflation-Proof Their Portfolios
No images? Click here By Elizabeth O'Brien | Sept. 18, 2022 So much for transitory. Despite hopes that inflation wouldn’t stick around, it’s become pretty entrenched. Gas prices have come down, but prices for other categories of essential spending, like food and rent, continue to soar, and the August consumer-price index came in higher than expected. The Federal Reserve is expected to raise interest rates again this week, and there’s some speculation that it could be by a full percentage point. (The silver lining there is that savers are finally getting fatter yields on their safe money.) Retirees are more vulnerable to inflation than those who are still working. While Social Security does get a cost-of-living adjustment, portfolio withdrawals don’t. And retirees tend to hold more in bonds, whose prices fall when interest rates rise. That said, you can take some steps to make your portfolio more resistant to inflation. Please read on to learn more. Retirees Are Up for a Huge Raise Next YearThe cost-of-living adjustment is expected to be the highest in more than 40 years. The Over-55 Crowd Is Key to U.S. Workforce Growth Americans over the age of 55 will take roughly half of all new jobs created in the next decade, economists estimate. This Is the Most Important Social Security Decision You'll Make Don't focus too much on the breakeven point. People Who Do This Every Day Cut Their Dementia Risk in HalfGood news: it's easy and free. Cash Is No Longer Trash. T-Bills Yield Near 4%.We haven't seen rates like this in more than 10 years.
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