71% of Americans worry inflation will affect their retirement. Here's what to do if you feel the same

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71% of Americans worry inflation will affect their retirement. Here's what to do if you feel the same
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If you play your cards right, this is one issue you can get ahead of.

Since the latter part of 2021, inflation has been soaring. That's put a lot of pressure on consumers — particularly those living paycheck to paycheck without any money in savings to fall back on.

Invest aggressively for maximum growth People are also reading… Hopefully, part of your retirement planning involves you making regular contributions to an IRA or 401 plan. But the money in your retirement account shouldn't just sit in cash. Rather, it should be invested so it grows into a larger sum over time. More so than that, it should be invested aggressively so it grows at a rapid enough rate to keep up with or outpace inflation. To that end, stocks are your friend.

How to choose the right investmentsHand-picking stocks isn't something everyone is comfortable with. If the idea of having to assemble your own stock portfolio makes you nervous, there may be an easier solution — loading up on broad market index funds.

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