How to stop inflation ruining your retirement

But the erosive effects of inflation on retirees' purchasing power is significant, Integro Private Wealth director Tim Sullivan. "Cash and term deposits typically offer fixed interest rates that may not always keep pace with inflation. As the cost of living rises, the real value of these assets diminishes over time. Inflation also affects retirees differently, as their spending patterns may be concentrated in areas experiencing higher price increases, such as everyday goods and services." A bright spot in the budget for anybody receiving the full or part age pension was the decision to freeze deeming rates. Many retirees dial down…