During the COVID-19 pandemic, especially during the first outbreaks, high demand of groceries like toilet paper and canned goods led to an extremely low supply and not enough time for grocery stores to stock up, eventually leading to price inflation. Will inflation define your near future and what does that mean if you’re retired or nearing retirement?
Dimitry Farberov, Investment Advisor for Miracle Mile Advisors says, “The best thing retirees that are close to retirement can do right now to protect themselves against this potential inflation is to consider inflation-protected bonds (TIPs) for their ‘safer assets’ and high-quality stock in companies that can grow in an inflationary environment for their ‘growth assets.”
Read the full article: What You Can Do Right Now To Protect Yourself Against Inflation If You’re Retired (Or Close To Retirement) (Forbes)
