In 2022, the United States saw a significant increase in inflation. It seemed everything was increasing except pay. Inflation has caused many to halt retirement contributions, hindering future growth. When combined with the awful performance of the stock market, it is wise to worry about your retirement account.
Most people’s long-term objective is to retire comfortably, preferably sooner rather than later. However, the road ahead can become hazier after people have made the monumental choice to leave their employment behind. Some retirees will move to a warmer climate or to be nearer to family and friends; others may choose to settle into communities tailored to the needs of seniors, which provide the amenities and assistance that are important to them.