Inflation is a scary wild card in your retirement plan. In recent years, the inflation rate has been low -- ranging from 0.1% in May of 2020 to 2.9% in May of 2018. But if that trend changes and inflation rises to 5% or higher, as it did in the second half of 1990, you could see your nest egg lose purchasing power over time. And, if you're already in retirement, you'd also see a distressing increase in your living expenses that you can't offset with a raise at work. You'd likely have to take larger retirement withdrawals instead, which increases the chances you'll run out of money before you die.
Insulate yourself from those outcomes by building some inflation protections into your retirement plan. Here are 10 strategies that may work for you.
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