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Will clients’ retirement savings withstand rising inflation rates? Clients should account for inflation when planning for retirement by having realistic estimates of long-term inflation when computing the savings they need for their golden years, according to this article on Huffington Post. They should also create income streams that have built-in protection against inflation, such as Social Security and long-term insurance. Inflation should also be considered when investing for retirement and developing a withdrawal strategy. Having contingency funds can help retirees mitigate inflation and other risks, while delaying Social Security benefits and working longer can shorten the retirement period and decrease exposure to inflation.
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