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Fortune
Fortune
Megan Leonhardt

Retiring baby boomers are getting wiped out by inflation and a volatile stock market

(Credit: Fizkes/Getty Images)

Anita Cowles planned to be on a river cruise in Europe next year, taking in the sights and sounds of vibrant cities, sprawling palaces, and medieval fortresses thousands of miles away from her Alabama hometown. 

She and her husband, Russell, then planned to undertake a three-month roadtrip in their new RV. Those are just two of the many trips the couple were planning after Russell retired as a pilot from American Airlines in February when he turned 65. 

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