To Learn More About How to protect your retirement savings, read: https://www.goldhillretreat.com/economy/inflation/how-to-protect-your-retirement-savings-from-inflation.

In today's video, we will discuss how you can protect your retirement savings from inflation. Doing this will ensure that your money will last for a long time, no matter what happens in the world economy. We'll speak with our expert, Ms. Shelby, a financial planner and certified public accountant. She will discuss different strategies you can use to protect your money and ensure that it grows over time.

Inflation affects retirement savings in a few ways.

First, your retirement savings' purchasing power will decline over time if inflation increases.

A major reason your retirement savings will lose purchasing power is that inflation will increase over time. When prices rise, the value of a dollar decreases. This means that items bought with your retirement savings in the future will be worth less than what you paid for them.

Second, as your nest egg gets smaller and smaller relative to what you could have saved had inflation been lower, your ability to live comfortably in retirement may become harder and harder to achieve.

This is a problem because you could be enjoying a comfortable retirement if your nest egg was larger than it currently is. If inflation were lower, your basic needs would have been less expensive over time, and you could have saved more money. Inflation makes the cost of necessary items like food, fuel, and housing rise faster than earnings do, so if inflation was low enough, these costs wouldn't rise as much relative to income, meaning that retirees would have had more money left over after paying for necessities.

Third, over time you may need more money to live on than your retirement savings can provide. If inflation is high, your retirement savings may not be able to cover the cost of a comfortable retirement even if they grow at a rate above the inflation rate.