It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast

This week the theme was: Inflation Is Still Getting Worse! What To Do Now

In case you missed any episodes, here’s what I covered this week:

• Drop All Unnecessary Expenses
• Stockpile Two Weeks Of Food & Necessities
• Pay Off High Interest Debt…FAST!
• Secure A HELOC Now
• Delay Retirement Until The Recovery Is Well Underway

The most important takeaway from this week is: Inflation is still getting worse, and we seem to be teetering on the edge of recession - a devastating combo for many Americans finances. 

But that doesn’t mean that you can’t take steps within your control to keep inflation and a potential recession from causing a serious amount of financial stress and hardship for you. The key theme running throughout this week’s episodes is that the goal is to create breathing room in your finances. By unburdening debts and forgoing large expenses, you’ll be better able to keep up with rising costs. By securing a HELOC now, you’ll have a plan B for tapping additional savings in the event of a financial emergency or a job loss. By getting some extra food on your shelves, you’ll be able to go to the store less often or not at all for a brief period of time if things get a lot worse. And by delaying your plans for retirement, you’ll give your nest egg a chance to recover and increase the odds that you won’t run out of money in retirement. 

Tomorrow, come on back because we’re starting a brand new theme: Mid-Year Recap & Outlook. I’ll be sharing with you some commentary from our economic and market commentary newsletter that we send to our clients each quarter. I’ll recap what’s happened so far this year that’s impacted your retirement investment portfolio, and we’ll try to make some sense of where we could be headed from here. 

Thank you so much for listening this week! If this podcast is valuable for you, please share the show with a friend, a neighbor, your brother, or co-worker who is getting close to retirement. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to someone you know who is eyeing retirement. 

Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance