The increasing inflation figures have become a cause of concern among investors across the United States and the stock market. The unprecedented inflation rise may gradually subside, but it will likely last for a while. If you are a retiree with a fixed income, you might be worried that it would affect your retirement plans.
In a recent poll conducted by Global Atlantic Financial Group, 3 out of 5 investors who’ve reached retirement age believed that it would be more challenging to build a lifelong income stream due to low-interest rates and growing inflation. Below are a few things you must know about the impact rising inflation figures have on your retirement plans….