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One of the significant impacts of inflation on retirees is the rising cost of healthcare. As medical expenses continue escalating, individuals must plan and budget accordingly. Review your health insurance coverage to ensure your needs are met. Shop around if needed. Take advantage of preventative care services to mitigate potential future healthcare expenses. 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Inflation can challenge the affordability of retirement, raising concerns about whether retirement savings will be sufficient to cover all expenses. To help with retirement readiness, create a comprehensive budget, including essential expenses. Consider consulting with a financial advisor to evaluate your savings and investment strategies. Regularly review your retirement portfolio and make adjustments to account for inflation. 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