067: Will Inflation Lead to a Recession? (Part 1)

Inflation’s constantly in the news, and it’s easy to see why. When everything we buy costs more, each dollar in our pocket is worth less. And while it’s easy to cut back on some unnecessary expenses, no one wants to make severe changes to their lifestyle to cover simple costs like gas and groceries. That’s why it’s so important to factor inflation into your retirement plan. While you can hope for the best, it certainly doesn’t hurt to prepare for the worst so that you’re prepared for a potential recession. In today’s episode, we’re talking about what you can do about high inflation, how to create a plan of action, and ensure that your retirement plan will protect you even in the event of an economic downturn. In this podcast interview, you’ll learn: Why inflation is starting to slow down the economy. This impact that inflation has on most people. Why quantitative easing and the 2008 bailouts kicked the can down the road, setting the stage for the economic problems we’re having right now. How economic sanctions are hurting the value of the dollar internationally. Why sitting with cash is the worst thing you can do right now. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/67 How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com