In this episode, we are diving deeper into why the Federal Reserve raises interest rates to calm inflation. Then, we discuss how it affects YOU and your retirement future.

If you were curious why the fed does what it does, this episode is for you!💥

✅Contact Thatcher at thatcher@propathfinancial.com with comments and questions!

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✅Three questions to ask yourself throughout the episode:
1️⃣ Who here thinks inflation will calm down and when?
2️⃣ Who here has had problems with buying a house or is waiting?
3️⃣ Have you sat down and put pen to paper on how inflation could affect retirement?

✅Why is there inflation?
➡️An influx of unexpected cash due to covid relief programs.
➡️An increase in household demand. People want to buy more stuff.
➡️Supply chain shortages.
➡️The war in Ukraine has led to increased fuel costs.
➡️The presence of a strong labor market.

🛑How does this affect your retirement?
1️⃣Stock market
2️⃣Unemployment is low
3️⃣Inflation keeps costs higher for goods, and services, including food.
4️⃣Mortgages on a second house, Credit cards, loans, HELOCs, can be more expensive.
5️⃣Other lending or costs like healthcare, college education for grandkids, and travel costs.