Inflation is the natural enemy of retirement savings, but there are strategies you can put in place to guard your nest egg from spiking consumer prices — and they may even allow you to use those higher costs to your advantage.

According to Peter with Richon Planning and Erin Kennedy, you should:

 Keep Investing: time in the market is often your best inflation hedge Maximize Your Social Security: and keep in mind, you don't miss out on the COLA if you delay claiming

Rethink Your Expenses: put simply, save more money.

Working with a financial advisor can help implement these strategies, a professional can also help you research your budget, shop around for insurance companies, do better tax planning, and dig up other opportunities for savings. To speak with Peter about your best inflation hedge, give him a call at (919) 300-5886 or visit www.RichonPlanning.com

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