At 45, Devon receives a $200,000 windfall, boosting her retirement savings beyond the median for Americans her age. Planning to retire at 67 allows for additional benefits. Investing the $200,000 today could grow to $886,000 in 22 years, but generating $100,000 annually in passive income may be challenging.

Devon may rely on a mix of dividend income and Social Security benefits to reach her goal. By combining an estimated $44,000 in dividend income with a projected $69,430 in annual Social Security benefits, she could potentially surpass $113,500 in retirement income. This would provide a comfortable retirement lifestyle based on average spending data.

While Devon’s retirement income projection appears favorable, inflation remains a risk factor that could erode the purchasing power of her passive income sources over time. To mitigate this risk, Devon should consider strategies to protect her income against the impact of rising living costs. When building a retirement portfolio, consider the impact of inflation. Whether focusing on value or growth stocks, both can grow your portfolio. During retirement, stability from value stocks and income from bonds can protect against market volatility and provide a comfortable lifestyle when combined with Social Security.

Sources: Federal Reserve, Covenant Wealth Advisors, Y Charts, Social Security Administration, Bureau of Labor Statistics. 1. In breaking news, the stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping over 500 points. Analysts attribute this drop to concerns over rising inflation and uncertainty surrounding global trade tensions.

2. The CDC reported a record number of flu cases this season, with over 26 million people affected. Officials are urging the public to get vaccinated and practice good hygiene to prevent further spread of the virus.

3. A new study has found that a plant-based diet may lower the risk of developing heart disease by up to 32%. Researchers suggest that incorporating more fruits, vegetables, and whole grains into one’s diet can have significant health benefits.

4. The United Nations announced that over 70 million people have been forcibly displaced from their homes due to conflict, violence, and persecution. This staggering number highlights the urgent need for humanitarian aid and support for refugees around the world.

Read more at Yahoo Finance: I’m 45 with a $200K sum I want to invest so I can retire by 67 with $100K/year. Should I focus on dividends or growth?