Inflation Is Impacting Retirement Savings. Here's How to Keep Funding Your Nest Egg in Spite of It

Inflation Is Impacting Retirement Savings. Here's How to Keep Funding Your Nest Egg in Spite of It

Inflation has been battering consumers since mid-2021. In a recent survey by Allianz Life, 55% of respondents said they've either stopped making contributions to a retirement savings plan due to inflation, or they've reduced the amount of money they're putting in. Worse yet, 45% of respondents said they've had to take a withdrawal from an IRA or 401(k) plan due to rising inflation.