If you’re a retiree, here’s how to assess your portfolio’s inflation risk

Inflation can be scary for retirees. True, Social Security provides inflation increases in line with the consumer price index, or CPI. But any portfolio income, save allocations to inflation-protected bonds, isn’t inherently inflation-protected. And if inflation occurs early in your retirement, those higher prices will do more damage throughout retirement, potentially jeopardizing your portfolio’s ability to last.To gauge your inflation risk and how strenuously you need to defend aga...