87-year-old client increases investment withdrawals as inflation squeezes retirement income
Updated
Updated · Berkshire Eagle · May 1
87-year-old client increases investment withdrawals as inflation squeezes retirement income
8 articles · Updated · Berkshire Eagle · May 1
In her 28th retirement year, she says prices since 1999 have more than doubled, while medical costs have risen 140%, leaving pension and Social Security short of daily expenses.
The report warns retirees relying heavily on CDs, money markets and cash face inflation, longevity and healthcare risks, as low yields may not keep pace with rising costs.
It argues a diversified stock-and-bond portfolio can better preserve purchasing power over decades, while nursing home or in-home care can exceed $100,000 a year and quickly drain savings.
As inflation outpaces Social Security, which alternative assets now offer retirees the most effective real-world protection?
With long-term care costs soaring, what are the most overlooked strategies for funding care beyond traditional insurance?
If 'safe' cash is a losing bet, what is the biggest hidden risk in growth-focused portfolios now recommended for retirees?