New retirees’ futures damage by inflation, charge hikes. Can they get better?

For a lot of newly minted retirees, goals of an idyllic retirement have been rapidly changed with the harsh reality of penny-pinching and sleepless nights worrying about declining retirement balances.  

Final yr, the highest inflation in a generation adopted by aggressive Federal Reserve interest-rate hikes to curb it prompted each inventory and bond markets to plunge, leaving folks defenseless to guard their nest eggs.

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