077: Action Steps to Account for Inflation in Your Financial Plan

When everything we buy costs more, every dollar in our pocket and our bank account is worth less. You can cut back on unnecessary expenses here and there, but there’s only so much you can do to cut back on groceries or gas. That’s why factoring inflation into your retirement plan is so important right now. In today’s episode, we walk you through how to create an action plan to get you through this period of inflation, whether we’re officially in a recession or not. In this podcast interview, you’ll learn: Why the Fed is likely to crush the economy if they raise rates to 2%. How we’ve set ourselves up for high costs, exhausted resources, and an ever-growing debt bubble with international impacts. Why we started taking huge positions in cash to address an overleveraged market. How to build risk tolerance into your financial plan and portfolio. Why now’s the time to figure out where your money is being spent–and simple things you can do to curtail inefficient spending. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com 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