Inflation Is Sticking Around…Now What?

Welcome to a new week here on the Retirement Quick Tips podcast!

I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision.

The theme this week on the podcast is: Inflation is sticking around...now what?

Back in August 2020, over 2 years ago, when schools were still shut down and much of the economy was still in a coma, I dedicated a weekly theme to inflation. I said that “I think higher inflation, even problematic inflation is a real possibility due to our skyrocketing national debt and the lack of discipline of our elected officials on both sides to properly deal with it.”

While I said that you shouldn’t be concerned about inflation “yet”, I was still confident that the Federal reserve board’s decision making ability to manage inflation.

I also thought that the economic growth we would experience coming out of the recession would help to offset higher prices due to inflation and help everyday Americans better keep pace with price increases.

I didn’t anticipate sustained inflation in the 7-9% range, and so here we are 2 years later and that’s the reality we’re faced with now.

That’s it for today. Thanks for listening! Come on back tomorrow where I’ll talk about what that end goal is.

My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance