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Retirement Planning

How Do I Manage Inflation Risk? [Video]

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How Do I Manage Inflation Risk?

Inflation will affect your retirement one way or another. It’s up to you to create a strategy to manage that risk. On this episode of Retirement Answer Man, you’ll learn how you can build your own strategy to deal with the creeping risk of inflation.

In the past two episodes, you learned what inflation is  and how it can affect your retirement . Next week you’ll learn how to use tactics to tweak your strategy to optimize it for specific situations, but first, let’s go learn how to come up with your own plan to combat inflation. 

Data vs noise It is important to understand the difference between noise and signals when coming up with a strategy. It’s easy to be distracted by the everyday noise that surrounds us and fail to heed the signals that we should actually be watching for. 

In today’s overly connected world, we have access to information that is being transmitted instantly. Rather than learning from the signals that can help us create a course of action, we get distracted by the constant noise. As data flow increases, we tend to get overloaded with information. 

According to Nassim Taleb in his book, Antifragile , data is toxic in large and even moderate quantities because it increases our tendency to overreact to the noise. This is an important factor to recognize when coming up with a risk management strategy which is what a retirement plan really is. 

Strategies start with vision Coming up with a strategy for retirement planning is like checking a recipe before you go to the grocery store. You want to make sure that you have all the ingredients so that you can put them together in the correct portions to create a meal. If you don’t plan before your trip to the supermarket you could come home with plenty of food but nothing that will help you prepare a healthy meal. To ensure a healthy retirement, make sure that your retirement starts with your vision for life.

How to create a strategy to manage inflation Now you understand that you need to have a goal in mind before you create a retirement strategy. The two risks that you must balance in retirement are sequence of return risk and inflation risk. Sequence of return risk is a near-term risk that occurs when your stocks go down in value shortly after you begin withdrawing from your accounts. The risk of inflation means that the value of your dollar decreases over a longer period of time. 

Your retirement strategy needs to balance these near-term and long-term risks. Listen in to hear how you can manage inflation risk while at the same time considering sequence of return risk.

If some of the terminology I use confuses you, make sure to listen in the month of March. I plan to explain the fundamentals of retirement planning in greater detail. You’ll learn about the pie cake, agile retirement planning, and the retirement plan of record.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT • [3:29] Noise vs. signals
• [5:35] What is a strategy?
• [12:57] How to create a strategy to manage inflation

LEARNING FROM DONALD’S SITUATION • [20:40] Learning from Donald’s retirement plans
• [25:46] What happened to Donald’s wife
• [29:15] How Donald’s perspective has changed
• [33:08] How Donald’s financial plans have changed
• [35:20] Use the technology you have to record your loved ones

TODAY’S SMART SPRINT SEGMENT • [36:47] Evaluate your reaction to inflation

Resources Mentioned In This Episode LTCI Partners

WSJ article – The Trouble with a Stock Market Bubble  by Jason Zweig

FILM – The Social Dilemma

BOOK – Antifragile  by Nassim Taleb

Rock Retirement Club

Roger’s YouTube Channel – Roger That

BOOK – Rock Retirement   by Roger Whitney

Work with Roger

Roger’s Retirement Learning Center

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Retirement Planning

Social Security & Biden… [Video]

Social Security and BidenIn this video, we discuss Social Security and President Biden. Two very important topics that we need to discuss and if these two are related and if they will work together. Social Security benefits include retirement, SSDI, survivors benefits and we also refer to SSI, supplemental security income in this video. Social Security benefits send out a very important monthly benefits to roughly 65 million Beneficiaries along with SSI, supplemental security income, 70 million Beneficiaries rely on this monthly checks each and every month, these are incredibly important. We are discussing President Biden in reference to Social Security, SSDI, SSI monthly benefits.Please make sure to subscribe to the Blind to Billionaire channel and share this video with your friends, family, social media and check out any of the other videos here on the channel. Fan Club - Join Here:https://www.youtube.com/channel/UCYqOP98j1cPqLzN2-AAgsHQ/joinFREE Stocks Here:https://a.webull.com/8XVrtYUM4U86HxGaGKFREE $30 when you spend $30 here:https://www.rakuten.com/r/BLINDT32Shop Amazon Here:https://amzn.to/2UjdFCz***Disclaimer*** All the material in this video is for entertainment purposes only and is not financial, legal, accounting, tax, investment advice, or advice in any way. This information should be used as general information for entertainment purposes, we highly advise you speak to your professional for specific information. We are not liable in any way, shape, or form as a result of any information discussed in this video. Links shown above are affiliate links which will result in the creator receiving a small commission upon the use/registration of the link provided.Blind to Billionaire is a dedicated YouTube channel to bring you daily updates and information to be The most valuable and high-quality information for this community. Blind to Billionaire is very dedicated to this community so please make sure to subscribe, share this video and check out any of the other thousands of videos here on the channel.#SocialSecurity #SSDI #SSI #BlindToBillionaire

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Retirement Planning

Fixed Annuity rates will be increasing in March 2022 [Video]

I get way too excited about stuff, only a few others do. #fixedannuity | Guarantees and rate excitement coming in March! Watch here: