Worried About Inflation? You Can Help Protect Yourself From Its Impact

Delaying major purchases can help shield present you, and future you could benefit from continuing to invest and contribute to your retirement plans.

A dad helps his young son secure his bicycle helmet.
(Image credit: Getty Images)

Inflation doesn’t go away magically, but there are ways to help protect yourself, now and later, from its impact.

The Federal Reserve raising interest rates is a limited tool for combating inflation. Hiking up rates also takes time to affect the broader economy. Experts say inflation will be here for a while – possibly until the end of next year.

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Kelly LaVigne, J.D.
Vice President, Advanced Markets, Allianz Life

Kelly LaVigne is vice president of advanced markets for Allianz Life Insurance Co., where he is responsible for the development of programs that assist financial professionals in serving clients with retirement, estate planning and tax-related strategies.