Inflation: Protecting Your Purchasing Power
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In today's illuminating episode of "Finance At 50," Kevin Bisner unravels the often misunderstood yet crucial concept of inflation. With inflation rates in the U.S. seeing fluctuations between 2022 and 2023, understanding its impact on retirement savings becomes imperative for those over 50. Drawing from vivid examples like the rise in movie ticket prices to the potential future costs of healthcare, Kevin paints a detailed picture of how inflation subtly erodes the value of your savings. But it's not all about the challenges; he also provides practical strategies to combat inflation's effects and ensure a comfortable retirement. From diversifying your investment portfolio to the power of assets like gold, join Kevin in charting a course towards a financially secure future.
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