Mike Milligan explains why inflation hits retirees harder than the Consumer Price Index suggests. Rising costs for travel, utilities, insurance, and grandchildren's tuition can strain retirement plans built on assumptions of low inflation or reduced spending.
How do retirees protect themselves from rising costs? Well, CPI is what happens to like cost of living adjustments for your income. But inflation isn't just about groceries. It's about travel, utilities, insurance, and even grandkids' tuition support all climb over time. A plan doesn't account for a 3%, uh, 3% plus inflation rate, or one that assumes you'll spend less in retirement, will leave you constrained just when you want the most freedom.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
