Inflation has continued to climb, and that could impact how annuities fit into your retirement portfolio. Carl Pendle/Getty Images

The latest inflation data is in, and unfortunately, it comes with more bad news for consumers. The Consumer Price Index data, released today, shows that inflation climbed to 2.9% in August , marking yet another uptick in prices. And Americans are clearly feeling the impact, with two-thirds of consumers reporting in a recent poll that they feel prices are continuing to rise and are likely to continue that trend, a sentiment that hits particularly hard for those living on fixed incomes.

For seniors who depend on retirement savings and predictable income streams, these inflationary pressures create a unique challenge, one that goes beyond simply payin

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