Inflation in retirement is increasingly becoming a concern for new and soon-to-be retirees. Here’s how you can protect yourself.
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► Free Checklist – How to Retire:
Timestamps
0:00 – Inflation in retirement
0:44 – Causes of inflation
1:43 – Today’s inflation vs. historical averages
2:43 – How inflation affects your retirement
4:02 – Inflation & cash holdings
5:10 – Protecting against inflation
6:07 – Protecting your investments
7:00 – Inflation: the hill we must climb
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— About Patrick King CFP® —
Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. Patrick enjoys yoga, mountain biking, golf, travel photography, and Clemson football.
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LinkedIn – PatrickBKing
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Twitter – @PranaWealth
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Yes I am extremely worried about inflation
so am i wrong to assume that have that cash bucket (or treasuries) on hold during an inflationary blip, to invest during that eventual correction, bear market or recession is worth more as we can invest at a discount? Its just that inflation is rarely a surprise, we should have seen this blip coming between the printing and supply chain issues that we have been seeing.
You could create suffering by renting out apartments to the working poor.
should have watched this 4 months ago!! Subscribed!
I’m feeling very fortunate I found your YouTube channel such great information I appreciate you taking the time to film these. Like all things people have favorite & the single person retirement video is mine.
Inflation caused my Federal welfare,SS, check to increase. is that a bad thing??
Thumbs up for the math!!!
I’m retiring at the end of 2021. I took a lump sum pension. The pay out wasn’t great to start with. Now with the spike inflation, I’m feeling better about my decision.
Cripto is not investment it is gambling. In cripto for every winner there is a loser. With cripto all you own is a computer code. Maybe one should invest in tulip bulbs?
Hello Patrick. I'm a recent 'sub' and really enjoy your factual and concise approach to these topics. I'm seriously considering taking your On Track for Retirement Online Course. Your production values are very good, but I thought you'd like to know about an issue with the audio in all your recent videos that you may not be aware of. You've got a very low hum or buzz that's right around 60Hz in frequency. You won't hear it through PC speakers, unless they include a subwoofer. You might hear it (or more likely 'feel it') in high quality headphones. It's most likely a missing or bad ground connection in a component in your audio production equipment. The best way to troubleshoot this and find the culprit is to swap-out components in your audio chain until you no longer hear it. It does detract from your videos for those of us with a half-decent (not real high-end) audio reproduction system on our computer. Thanks again for the excellent videos! -Robin P.S. After further listening I can tell you the bad ground is in your microphone or mic preamp, one doesn't hear the hum/buzz when your mic is out of the mix. Good luck!
Great video!!
If only we had a crystal ball! Hopefully high inflation is a transitory effect. I remember 15% mortgages (I didn't have one 🙂 ) so spikes do happen. I think the only way to fight inflation is to invest knowing that at times the market will go down and sometimes by a lot. Cash is a doubled edge sword but can help if the markets go down.
Crypto currencies are very risky and very priced at the moment. I would stay clear of those.
Inflation is a killer for defined benefit pensions. Assuming the current 6.22% inflation for the future pension payments of an average retiree during their remaining life expectancy, they may lose more than 75% of the pension present value. Inflation is the most sophisticated form of theft ever discovered by governments.
I'm maxing my 401K (with trembling knees, lol). I'm planning on retiring in 3 years, but I also have 2 pensions with COLA (military and Federal government job), non-taxable VA benefits, and social security in the future. Should I continue to max out my 401K (with trembling knees) or should I lower my monthly contribution? Great video BTW.