正文翻譯

How to Inflation-Proof Your Retirement Portfolio

如何讓你的退休投資組合保值

Retirement savers and retirees need to defend against the eroding effects inflation has on their nest egg and legacy goals.

退休儲(chǔ)蓄者和退休人員需要抵御通貨膨脹對(duì)他們的儲(chǔ)蓄和遺產(chǎn)的侵蝕作用。

If you haven’t thought about how to tweak your financial plan given current and future rates of inflation, now would be a good time to do so.

如果你還沒(méi)有考慮過(guò)在當(dāng)前和未來(lái)的通貨膨脹率下如何調(diào)整你的財(cái)務(wù)計(jì)劃，現(xiàn)在是時(shí)候這樣做了。

“As America’s economy reopens, we are seeing higher inflation rates,” said Philip Herzberg, a lead financial adviser with Team Hewins.

Hewins團(tuán)隊(duì)首席財(cái)務(wù)顧問(wèn)菲利普·赫茨伯格(Philip Herzberg)表示:“隨著美國(guó)經(jīng)濟(jì)重新開放，我們將看到更高的通脹率?！?/p>

And this unwelcome spike should, said Herzberg, prompt savers to consider the threat higher inflation could pose to their financial plans. “The 6.8% rise in the consumer price index over the past year marked the highest inflation increase in 30 years,” he said. “Keeping in mind the soaring, double-digit inflation rates of the 1970s, savers may be concerned now.”

赫茨伯格說(shuō)，這種不受歡迎的上漲應(yīng)該會(huì)促使儲(chǔ)蓄者考慮更高的通脹可能對(duì)他們的財(cái)務(wù)計(jì)劃構(gòu)成的威脅。 他說(shuō):“去年消費(fèi)者價(jià)格指數(shù)上漲6.8%，標(biāo)志著30年來(lái)最高的通貨膨脹率?！?“考慮到上世紀(jì)70年代兩位數(shù)的通脹率飆升，儲(chǔ)戶現(xiàn)在可能要擔(dān)心了?！?/p>

But even if inflation never reaches those levels again (12% in 1974 and 14.5% in 1980), you still need to think about the eroding effects it has on your nest egg and legacy goals over the long haul, said Herzberg.

但是，赫茨伯格說(shuō)，即使通脹永遠(yuǎn)不會(huì)再達(dá)到這些水平(1974年為12%，1980年為14.5%)，你仍然需要考慮它對(duì)你的儲(chǔ)蓄和遺產(chǎn)的侵蝕效應(yīng)。

What to do? Check whether your investments strategy and retirement income plan are protected against inflation for the long term. “The optimal long-term approach to combat rising inflation is to grow your income and investment returns at a faster pace than the inflation rate,” said Herzberg.

那該怎么做呢?檢查你的投資策略和退休收入計(jì)劃是否能長(zhǎng)期抵御通貨膨脹。赫茨伯格表示，"對(duì)抗通脹上升的最佳長(zhǎng)期方法是，以高于通脹的速度增加收入和投資回報(bào)。"

But don’t the inflation tail wag the investment dog. “Your investment strategy should not be solely based on hedging against inflation in isolation of other considerations that are pivotal to your overall financial plan,” said Herzberg. “A diversified investment portfolio is important to not only protect your purchasing power over time, but also to provide a greater level of risk protection should one investment asset underperform over a period.”

但不要因?yàn)橥ㄘ浥蛎浂绊懲顿Y。"你的投資策略不應(yīng)僅僅基于對(duì)通脹的對(duì)沖，而將其他對(duì)你整體財(cái)務(wù)計(jì)劃至關(guān)重要的考慮孤立起來(lái)，" 赫茨伯格說(shuō)。“多元化的投資組合很重要，它不僅可以保護(hù)你長(zhǎng)期購(gòu)買力，還可以在一項(xiàng)投資資產(chǎn)在一段時(shí)間內(nèi)表現(xiàn)不佳時(shí)，提供更高水平的風(fēng)險(xiǎn)保護(hù)。”

Global Equities Could Provide Protection

全球股市可以提供保護(hù)
原創(chuàng)翻譯：龍騰網(wǎng) http://www.ltaaa.cn 轉(zhuǎn)載請(qǐng)注明出處

Where to invest? According to Herzberg, global equities, over long periods of time, historically provide both income and growth. Other investment advisers also advocate for investing in global equities in the current environment. “We continue to believe equity investors will be rewarded for allocating as much of their equity exposure to non-U.S. markets as their risk tolerance allows,” wrote John Thorndike, co-head of asset allocation at GMO, in the company’s third-quarter report.

投資在哪里?根據(jù)赫茨伯格的說(shuō)法，從歷史上看，長(zhǎng)期來(lái)看，全球股票既能帶來(lái)收入，也能帶來(lái)增長(zhǎng)。其他投資顧問(wèn)也主張?jiān)诋?dāng)前環(huán)境下投資全球股市?！拔覀?nèi)匀徽J(rèn)為，股票投資者將盡可能多地配置非美國(guó)股票敞口，將獲得回報(bào)。GMO資產(chǎn)配置聯(lián)席主管約翰·桑代克(John Thorndike)在該公司第三季度報(bào)告中寫道。

Dividend Stocks May Fuel Growth

股息股可能推動(dòng)增長(zhǎng)

In addition, Herzberg said dividend-paying stocks provide growth on the income. “Equities have generated better total returns - income plus capital appreciation - compared to bonds over time, which makes them a viable option to fighting inflation,” he said. “Even without capital appreciation, stock dividends alone have kept up with inflation over time. In particular, dividends over the past 150 years paid by U.S. companies have grown 3.7% per year compared with 2% per year for inflation.”

此外，赫茨伯格還表示，派息類股票還能帶來(lái)收入增長(zhǎng)。他表示:“長(zhǎng)期來(lái)看，與債券相比，股票產(chǎn)生了更好的總回報(bào)——收入加上資本增值——這使它們成為對(duì)抗通脹的可行選擇?！薄凹词箾](méi)有資本增值，長(zhǎng)期來(lái)看，僅股票股息一項(xiàng)就與通脹保持同步。特別是，在過(guò)去150年里，美國(guó)企業(yè)支付的股息每年增長(zhǎng)3.7%，相比之下，由于通貨膨脹，股息每年增長(zhǎng)2%?！?/p>

Don’t Forget Fixed Income

別忘了固定收益

Because of the volatility associated with equities, you may want to choose investments that pay a fixed income, such as a bond fund, said Herzberg. “However, a fixed-income investment, in today’s low interest rate environment, may pay an income too low for most investors,” he said. “Plus, inflation, over the long haul, is going to make the income even lower.”

赫茨伯格說(shuō)，由于股票的波動(dòng)性，你可能會(huì)選擇支付固定收益的投資，比如債券基金。"不過(guò)，在當(dāng)前低利率環(huán)境下，對(duì)多數(shù)投資者而言，固定收益投資的收益可能過(guò)低，"他表示?！按送?，從長(zhǎng)遠(yuǎn)來(lái)看，通貨膨脹會(huì)使收入更低?！?/p>

The upshot, said Herzberg, is that stocks likely deliver the long-term retiree a better chance for a successful financial outlook.

赫茨伯格說(shuō)，其結(jié)果是，股票可能會(huì)讓長(zhǎng)期退休的人有更好的機(jī)會(huì)獲得成功的財(cái)務(wù)前景。

A Pro Offers Peace of Mind

專業(yè)人士提供內(nèi)心的平靜

You could seek out a certified financial planner professional to uate the short- and long-term impact of inflation on your financial planning. “Foundationally, a robust financial plan ensures that your purchasing power needs are met in today’s environment of high inflation, persistently low interest rates, and a volatile stock market,” said Herzberg.

你可以找一個(gè)專業(yè)的注冊(cè)理財(cái)規(guī)劃師來(lái)評(píng)估通貨膨脹對(duì)你的理財(cái)計(jì)劃的短期和長(zhǎng)期影響。赫茨伯格說(shuō):“從根本上說(shuō)，一個(gè)穩(wěn)健的財(cái)務(wù)計(jì)劃可以確保你的購(gòu)買力需求在當(dāng)今高通脹、持續(xù)低利率和動(dòng)蕩的股市環(huán)境下得到滿足?！?/p>