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Rick Bloom Talks MoneyAuthor: Rick Bloom
Rick Bloom has been helping people with their money since 1984. No geek speak here - just simple financial advice for the everyday person. Language: en Genres: Business, Education, Investing, Self-Improvement Contact email: Get it Feed URL: Get it iTunes ID: Get it Trailer: |
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Inflation Explained
Episode 16
Friday, 13 August, 2021
Today, Rick Bloom is joined by Bloom Advisors colleague Scott Whyte to discuss all things inflation. It's been a hot topic in the news lately, and we cover what you need to know.We begin with a definition of inflation - what exactly is it?How is inflation measured and what exactly is the CPI, or Consumer Price Index?What about the core inflation rate?Why is it important to see how inflation factors into your individual situation?Some suggest inflation is here to stay. Others say it's transitory. Either way, we are not facing the historic inflation you may remember from the 1970's.Inflation isn't all bad. What can you do in your portfolio in times of inflation? (Hint: Diversify!)Why hoarding cash or gold may not be the best idea.What is "shrink-flation?"What is inflation's impact on retirees?What are some things you can do right now to protect yourself?Finally, Rick answers a listener email regarding his changing stance on annuities. Rick explains why he recommended them in the 90's, but not anymore.If you have a financial question for Rick, you can email him: rick@rickbloomtalksmoney.com.Note: Bloom Asset Management is now Bloom Advisors. Find Rick and the team at https://www.bloomadvisors.com/ or call (248) 932-5200. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
