Aug 19, 2022
Summary:
Can we start celebrating the “end of inflation?” Furthermore, do
you have a plan for the changes inflation has brought about, and
how these are going to affect your retirement plans? Drew Pelton
comes on the show to talk about these things, and it’s extremely
crucial—now more than ever—to consider whether your money will last
through your retirement or not. There are multiple investing
strategies you can look into if you want to focus on planning
ahead, and Drew shares some of these in this episode. Tune in for
more.
Highlights:
-Is it too early to celebrate the “end of inflation?” Political
figures are claiming that we have hit 0% inflation
-Prices are still going up, and the issue remains. We may be seeing
a lull in inflation with commodity prices taking a dip, but it is
still happening
-Recently, the confidence index fell as consumer view of the
situation weakened
-Other reports have showed consumer confidence being higher; people
get excited when they’re missing the big picture
-Another important factor to consider with inflation is how to make
one’s money last through retirement
-Drew’s firm emphasizes investing for dividends
-Will the economy revert to low interest rates/easy money? If the
Fed is going to be smarter than they have been before, they will be
smarter relative to the upcoming election. They’ll probably make
more reasonable decisions
-84% of Americans do not have a formal retirement plan, which
reflects within people’s financial planning. Some people don’t get
as organized as they need to for the best results
Useful Links:
Financial Survival Network
Drew Pelton