How Inflation Hurts Retirees and How You Can Protect Yourself

A step-by-step guide to getting the most from your money even as prices keep rising.

A retired woman grocery shops.
(Image credit: Getty Images)

What is inflation, and why does it matter?

In simple terms, inflation means prices are rising, and your purchasing power is declining. It’s that painful pinch you feel when you pull out your wallet at the grocery store or gas pump.

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Geoffrey Johnson, IAR, Retirement Income Certified Professional®
Founder, President, Wealth Management Resources

Geoffrey Johnson is the founder and president of Arizona-based Wealth Management Resources ( He has been an investment adviser since 1987, and he is a licensed Investment Advisory Representative (IAR) and Retirement Income Certified Professional® (RICP®).