To Learn More about the harmful effects of inflation read: https://www.goldhillretreat.com/economy/inflation/how-to-protect-your-retirement-savings-from-inflation<br /><br />This video will discuss inflation and how it affects retirement savings. This is especially important to retirees who are about to retire.<br /><br />For retirees, it's important to create a budget that accounts for all their expenses. This includes things like healthcare and expenses associated with retirement. Creating a budget can help ensure that money is available for other needs, like saving for a rainy day or caring for loved ones when they need assistance.<br />Increasing Medical Costs can drain your retirement savings.<br /><br />It's no secret that medical costs are rising, and this trend is only expected to continue. According to a report from Bankrate.com, the average American household will be affected by escalating health care costs in their lifetime at an estimated cost of $17,654. That doesn't even include coverage for long-term care! Even if you're not planning on leaving money to your heirs after you die, there's every reason why increasing medical expenses could quickly deplete any savings.<br />
