Inflation Getting You Down? 3 Simple Tips to Navigate the Anxiety

From being strategic about spending (make a grocery list!) to delaying Social Security benefits, you can mitigate inflation’s impact on your retirement.

An anxious woman breathes into a paper bag.
(Image credit: Getty Images)

Inflation is at a 40-year high, and while we could be seeing signs that it may be starting to ease, our pocketbooks are still feeling the pressure. Families are cutting back on everything from groceries and shampoo to dining out and travel. For those nearing retirement, inflation could be impacting when they retire and what retirement looks like.

While many are worried about the state of their finances in the midst of high inflation, there are strategic ways to navigate all the uncertainty to ensure you retire the way you want.

Tony Drake, CFP®, Investment Advisor Representative
Founder & CEO, Drake and Associates

Tony Drake is a CERTIFIED FINANCIAL PLANNER™and the founder and CEO of Drake & Associates (opens in new tab) in Waukesha, Wis. Tony is an Investment Adviser Representative and has helped clients prepare for retirement for more than a decade. He hosts The Retirement Ready Radio Show on WTMJ Radio each week and is featured regularly on TV stations in Milwaukee. Tony is passionate about building strong relationships with his clients so he can help them build a strong plan for their retirement.