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Prices are on the rise and people are being impacted in their day-to-day lives, so let’s talk about how to beat retirement’s nemesis – inflation. Listen to this show to find out what you can do to secure your financial future.
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Show Notes
Inflation is a topic that is on everyone’s minds these days. Have you seen gas prices lately? Today we’re sharing how you can beat inflation and why it is retirement’s nemesis.
You’ve probably noticed prices at the grocery store have gone up and your bills are probably going up, too. So, what is inflation? It’s the cost of goods and services going up. Your $1 today is going to buy you less than it would have bought you a year ago.
It’s important that your retirement savings are properly allocated to keep up with the cost of goods as they go up.
On this episode, we’ll also share:
- How inflation affects retirement
- Why inflation is the number one concern
- How to plan for inflation
- How to beat inflation
- Why you need to understand your expenses in retirement
- Why you need to keep perspective and have a plan in place
Listen to the full podcast or use the timestamps below to jump to a specific section.
Listen to the full podcast or use the timestamps below to jump to a specific section.
[1:08] – Going up in price
[4:05] – How big of a threat?
[6:53] – CNBC and NYTimes articles
[10:54] – The number one concern
[12:57] – How to plan for inflation
[14:55] – How to beat inflation
[20:08] – Social Security
[21:38] – Understanding expenses
[24:51] – Keep perspective
Thanks for checking out this episode. We’ll talk to you again soon.
Articles Discussed in This Episode:
https://www.nytimes.com/2021/11/19/business/inflation-retirement-savings.html
https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/
“It’s important that your retirement savings is properly allocated to keep up with the cost of goods as they go up.”
-Scott Sierens
