For many newly minted retirees, dreams of an idyllic retirement have been quickly replaced with the harsh reality of penny-pinching and sleepless nights worrying about declining retirement balances.
Last year, the highest inflation in a generation followed by aggressive Federal Reserve interest-rate hikes to curb it caused both stock and bond markets to plunge, leaving people defenseless to protect their nest eggs.
Protect your assets: Best high-yield savings accounts of 2023