How to Cope if Inflation Is Wrecking Your Retirement Budget
Consumers are paying more for everything from gas to groceries to utilities, and unfortunately, we could get stuck in this holding pattern of rampant inflation for many more months until things start to ease. If you have a healthy amount of money socked away in your IRA or 401(k) plan, you may be OK to increase your withdrawal rate temporarily to help compensate for higher living costs. During 2021's third quarter, home equity rose to $9.4 trillion, according to Black Knight, which means property owners are sitting on more equity now than before.
