Inflation and Your Retirement
Contributor Mark Miller unpacks the impact inflation has on retirees and how to prepare for it.
Next month, Social Security officials will deliver a reminder to retirees about one of the most important retirement planning challenges: inflation.
I’m betting inflation isn’t a topic you’ve thought much about lately. That’s understandable because consumer prices have been fairly quiet since the early 1980s. But the Social Security cost-of-living adjustment, or COLA, for 2020, to be announced in mid-October, offers a good opportunity to consider inflation and your retirement plan.