Key Points Inflation could erode your buying power in the course of a long retirement. The right investment mix could give you a leg up. Boosted Social Security checks could also help. The $23,760 Social Security bonus most retirees completely overlook › No matter how well you plan for retirement, there are surprises that could throw you for a loop. The stock market might crash unexpectedly. Your healthcare costs might increase. Or, worse yet, you could end up needing long-term care at some point. But one hiccup you should know to plan for is inflation. Over time, the cost of living is likely to rise. And if you aren't prepared, you could easily end up losing out on buying power.
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