Before diving in to inflation, Mike offers some advice on shopping for a financial advisor: questions to ask and resources to use to check the portfolio they are showing you

Mike then answers questions regarding inflation, such as:

* How has inflation affected things like buying a car?

* How does inflation affect investments? Your lifestyle?

* Typically, people only look at the risk of volatility when considering a stock, but they forget that is a temporary risk. Another, more important consideration is the loss of purchasing power. How does inflation affect this?

* What is the importance of rebalancing your portfolio?

He also discusses ways to deal with inflation:

* Reduce and pay off debt.

* Give appreciated assets instead of cash.

* Stay in stocks, but keep diversified as well.

To read the latest Economic Review mentioned in this program, click here.