A customer plans to retire in 10 years. She is concerned about the impact that inflation will have on her portfolio. Which of the following investments have historically helped mitigate the impact of inflation?

Money market funds typically invest in short-term, low-risk securities that provide minimal returns. During inflationary periods, the fixed returns from these funds often fail to keep pace with rising prices, leading to a decrease in purchasing power for investors.

While fine art can appreciate over time, its market is often illiquid and can be unpredictable. Investments in art do not consistently yield returns that outpace inflation, and the costs associated with buying, selling, and maintaining art can detract from potential gains.

Municipal bonds are generally considered safe investments with fixed interest payments. However, their yields may not keep up with inflation, especially if interest rates are low. The fixed nature of these bonds means that as inflation rises, the real value of their returns diminishes.