THIRD FEAR AFTER RETIREMENT
The third fear is rising inflation. Certain things are inflationary but really at the end of the day, it's all about your consumption rate.
What do we mean by that? Well, what you consume affects you the most whenever inflation rears its ugly head.
What might not be a big deal for one person might be a very big deal for the next person, because they just don't consume the same goods and services.
For example, if the price of a gallon of milk doubles overnight it probably doesn't affect a single person in their 30's all that much, but a family of six probably feels the effect of that increase much more. Not to mention, with healthcare costs being one of the highest inflationary expenses, once you step into retirement it can have a dramatic impact on your retirement income.
There are ways to help combat that with proper planning and education.