Mar 21, 2022
Back in the 1970s, we experienced a combination of economic stagnation and inflation. Energy prices were high and the stock market went up and down like a roller coaster, very similarly to what we’re experiencing right now. Back then, it was called stagflation–and we’re hearing that word more and more in 2022. Unfortunately, stagflation can have real impacts on your finances, especially if you’re retired or about to retire, and we’re likely to see high inflation for some time to come.
In today’s episode, we discuss why our current economy is directly tied to Russia’s invasion of Ukraine, how media fear-mongering is making the situation worse, and why it’s more important than ever to have a strong financial plan in place.
In this podcast interview, you’ll learn:
To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/65
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