Inflation & Your Retirement

For today’s episode we are going to talk about how inflation can affect your investments. It would be rare for any of us to watch the news and not hear about the current inflation we have going on in the US right now. COVID-19 had a huge impact on our economy since the pandemic began and in this episode we will dive into how inflation is related to our economy and our investments. Tune in to hear more on this episode of When Good Things Happen.

IN THIS EPISODE:

• [02:00] Tom explains and describes inflation in simple terms in relation to our economy
• [06:00] Pull & push inflation relating directly to supply and demand and how that affects the economy
• [13:00] Covid relief money and how it has impacted the economy
• [18:00] Consumer Price Index and how it measures inflation
  

KEY TAKEAWAYS: 

• We've been through periods of time like this before, but we are all in a different place in our lives. At this point in time we're going to see market volatility. We've seen that so far in 2022, and it’s expected to continue.
• One of the problems we have now, Is that the inflation that we're experiencing is not necessarily naturally occurring.
• From an investment standpoint, inflation and rising costs and the devaluing of the dollar all create the same kind of problem. The higher costs and the high inflation can be compounded with significant stock market losses, so a conservative approach is probably pretty wise for most.

LINKS MENTIONED:
Three Bridges Financial Group

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