If you’ve been paying attention to the news this year, especially money news, you know there’s been a lot of talk about inflation.
There’s been an avalanche of articles with titles like “U.S consumer prices surge in March, CPI finds, pushing inflation to 2 1/2-year high” and “Consumer prices rise more than expected, pushed by 9.1% jump in gasoline.”
Inflation, otherwise known as rising prices, can wreak havoc on any budget, but hits retirees especially hard. Not only can inflation stretch a spending plan, but one of its side effects is rising interest rates: good for savers, but often bad for stocks.
So, what’s a saver, especially one close to retirement, supposed to do? Is inflation here to stay or is this just a temporary blip?
That’s the topic of this week’s “Money!” podcast. We’re going to explore some ideas, and see what, if anything, we need to do to protect ourselves and our savings.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Sit back, relax and listen to this week’s “Money!” podcast:
Not familiar with podcasts?
A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online.
They’re totally free. They can be any length (ours are typically about a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you’re like me, when riding your bicycle.
If you haven’t listened to a podcast yet, give it a try, then subscribe to ours. You’ll be glad you did!
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I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.