How to Keep Inflation from Shrinking Your Retirement

Higher prices are tough on retirees, but there are a few ways to protect your nest egg from “shrinkflation” during these trying times.

A piggy bank being squeezed by a measuring tape.
(Image credit: Getty Images)

Inflation has been a hot topic for months and likely will be well into 2022. Its impact is immense; with inflation at its highest level in 40 years and interest rates rising, consumer sentiment is falling.

During retirement inflation is always a concern, even more so now at its highest level since 1982. A Fidelity Investments study shows that 71% of American investors are very concerned about how inflation can impact their preparedness for retirement.

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Jon Imber, Investment Adviser and Registered Financial Consultant (RFC®)
President, Owner, Imber Wealth Advisors Inc.

Jon Imber is the president and owner of Imber Wealth Advisors. A fiduciary adviser, he has passed the Series 65 exam and holds a life insurance license in Michigan. He's a member of the Financial Planning Association and a Registered Financial Consultant (RFC®). He earned his bachelor's degree in marketing and business administration from Northwood University.