Throughout your career in the life sciences, you've been socking away money, whether it's into a 401(k), a 403(b), some other IRA, a college fund, or a house. That's good. Inflation, however, can be a wolf at the door. What can you do to protect yourself? Like hindsight, judging the impact of inflation on investments is 20/20, but by that point it's often too late. The only effective way to protect your investments is to defend your portfolio early, before inflation has a chance to wreak havoc. "In the mid 1960s, for instance, people didn't see inflation coming," says Anthony Ogorek, president of Ogorek Wealth Management in Buffalo, NY. But ready or not, it came, mercilessly ravaging unprotected investment portfolios in the years ahead by consuming large doses of purchasing power.
Even a relatively mild dose of inflation dismissed as harmless can have significant long- term effects: As the years ...
