Inflation Wants to Eat Your Savings, but You Can Beat It Back

The latest figures show inflation is on the rise. Here’s how it can munch your money, whether it’s in a low-earning bank account or ultra-safe G Fund in a TSP … and some options for what to do about it.

A monster eats money.
(Image credit: Getty Images)

It's a strange thing, inflation. You will seldom hear it talked about as much as market downturns or risks. Much of this is due to the fact that the market can lose large amounts quickly, in a glaringly visible way. Inflation, on the other hand, is not so dramatic. However, it can cause you to lose equal amounts of your portfolio — or more — but slowly, almost silently, over time. We may not even realize it’s happening.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Charles Dzama, Investment Adviser Representative
Founder, CD Financial

Charles Dzama is the founder of CD Financial and assists agencies and clients with a well-thought-out financial strategy.  Email Charles to request retirement training or schedule a complimentary phone call. He has passed the Series 65 securities exam and holds life insurance licenses in California, Colorado, Nevada, Washington, Florida, Pennsylvania and Missouri. Charles is registered as an Investment Adviser Representative.