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Retiring this year or really soon?
But whats also important is to expect the unexpected.
And in 2025, you may face some challenges that could affect your retirement.
Here are three challenges that couldshape your retirement this year.
Although inflation is a given, its still above what the experts would like it to be.
Although the Fed has dropped rates in an attempt to combat inflation, its not super promising.
Analysts in the report also predict a freeze in rate cuts from the Fed.
It could make it harder to afford goods and services, like healthcare and groceries.
If you better withdraw more from your savings, it could erode your nest egg much faster.
Taking on a part-time job to increase your income or adjusting your budget could also help.
You also guessed it: The increase doesnt seem to be keeping up with inflation.
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