“Inflation” has become quite the buzzword in 2022 and 2023. Many folks are aware of it. ! 🤷

For current and soon-to-be retirees alike, are all around in your financial journey towards a successful and fulfilling retirement. You need to find a way to insulate your portfolio from market risk while still hustling to keep pace with inflation! 🏃

Too much security and you could end up “ ” a chunk of your portfolio! 🙅

In this episode of Powerful Legacy TV, Kristina and Rob tackle this difficult topic before leading into more cheerful ones like “-” !

See the timestamps below to jump to the areas that interest you most! 👇

00:00 Inflation is all the buzz
03:33 How current retirees can hedge against inflation
05:24 What soon-to-be retirees can do to preserve their money’s value
06:54 The importance of a second opinion
09:00 Discuss your inflation situation with us today!
12:08 The “Go-Go” years of retirement
16:10 Helping clients through life changes
18:56 The powerful partners of Powerful Legacy
21:30 Inspiration behind The Retirement Train
25:22 Viewer questions
27:16 Come in for a no-obligation consultation!

If you have specific questions you would like to address Kristina, Rob, or the team at Powerful Legacy, LLC directly? Book a complimentary visit here 👇

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DISCLOSURE:
We are an independent financial services firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives, and do not offer tax or legal advice.

Any references to protection benefits or steady and reliable income streams on this page refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by insurance company. Annuities are not FDIC insured….(read more)

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Inflation is the rate at which the general level of prices of goods and services increases over time. It is a critical economic indicator that measures the decreasing purchasing power of a currency. Inflation can lead to various economic problems, such as reducing consumer purchasing power, reducing investment, increasing debt burden, and affecting international trade negatively. Therefore, it is crucial to know how to address inflation to avoid these adverse effects, and this article will explore some possible methods to achieve that.

1. Monetary Policy

The government can apply monetary policy through the central bank to address inflation in the economy. The central bank controls the amount of money in circulation and manages interest rates on loans and deposits. It can reduce the money supply by decreasing the amount of money in circulation. This will increase interest rates, make borrowing more expensive, and decrease demand for consumer goods. This reduction in demand will result in decreasing prices, reducing inflation.

2. Fiscal Policy

Fiscal policy is another approach that the government can use to address inflation. Fiscal policy involves adjustments in government spending, taxes, and government subsidies. By increasing taxes, the government can reduce the purchasing power of consumers, leading to reduced demand for goods and services. Additionally, by reducing government spending and subsidies, consumer goods and services’ prices will decrease, leading to decreased inflation.

3. Supply-side policies

Supply-side policies involve improving the supply of goods and services in the economy. Increasing production by incentivizing businesses to invest in new technology and increasing labor productivity can lead to more goods and services available in the market. Consequently, this will increase competition and decrease prices, leading to decreased inflation.

4. Wage Control

Wage control involves controlling the salaries of employees in an economy. This approach is useful when there is high inflation and increasing wages. The government can legislate laws that limit wage increases such as minimum wage standards. As a result, the economy will adjust to offer more goods and services at affordable prices.

In conclusion, inflation is a significant economic indicator that has serious implications for the economy. It affects consumer behavior, investment decisions, and international trade. Addressing inflation requires a combination of monetary and fiscal policies, supply-side policies and control of wages. Therefore, governments should adopt one or a combination of these methods to address inflation and avoid economic instability.