Suze Orman: Here’s How To Protect Your Retirement From Inflation

Group 1: Inflation and Its Impact - Inflation is a persistent economic phenomenon that affects the cost of living and erodes purchasing power over time [1][2] - A $1 million investment in 2021 would need to grow to approximately $2.14 million by 2045 to maintain purchasing power, assuming a 3% annual inflation rate [3] Group 2: Investment Strategies - Financial experts recommend staying invested in stocks for the long term, as they have historically outperformed inflation compared to bonds [4] - A suggested rule of thumb for stock allocation is to subtract one's age from 100 (or 110 for those in good health) to determine the percentage of investments that should be in stocks [5] Group 3: Social Security Considerations - There is uncertainty surrounding the future of Social Security, with the trust fund running low, leading to advice against relying solely on it for retirement [6][7]