
Illustration by Kevin Hand, Star-Bulletin
The perils of inflation
Even at its recent low levels, inflation remains a serious worry for anybody living in, or planning for, retirement.
The latest figures from the government on consumer prices show inflation running in the 2.5 percent to 3 percent per-year range, far below its peak levels of the 1970s and early 1980s.
Most economists believe a revival of strong inflationary pressures isn't likely any time soon. But even at 3 percent a year, inflation can inflict serious damage over time on any financial plan for retirement.
For more on how to preserve the buying power of your portfolio funds, see the Money Monday section of today's Honolulu Star-Bulletin.