Timothy Sumer

Inflation= Opportunity. There are upsides to inflation. Sure, inflation increases uncertainty and that makes people feel bad. But we're going to flip the script. We’ve got 3 ways to take advantage of inflation. In this video we’ll talk about how you can take the focus away from “I feel bad,” and switch the focus to “I’m making best use of the situation.” You’ll learn how to act on the things you can control. First tip: travel overseas. The dollar is high and other currencies are low. It’s like Europe is on sale. Thinking about traveling to a country close to the Ukraine? That’s probably even cheaper! The euro and the dollar about even now. It’s a great time to travel to Europe. Cruises are totally on sale. A lot of times the smart money is on what everyone doesn’t feel like doing now. Second Tip: Buy where inventories—retailers have more inventories on certain items. Check out sales on patio furniture, fridges, cell phones, and TVs. It’s a good time

John Scherer and Bridget Sullivan Mermel discuss the impact of inflation on retirement in this episode of Friends Talk Financial Planning. They explore different approaches to factoring in inflation, with John including it in his projections and Bridget taking a more conservative approach. They also discuss the individualized nature of retirement spending and the flexibility retirees have in controlling their expenses. The key takeaway is to consider inflation in retirement planning , but to also be thoughtful and realistic about its potential impact. Key Takeaways: 1. Inflation may have a smaller impact on retirees due to factors such as Social Security and housing costs. 2. Individualized retirement planning is crucial, considering factors like income sources and spending flexibility. 3. Historical inflation and investment returns should be used as a framework, but individual circumstances may differ. 4. The future of inflation and costs can be uncertain, making it impo

Inflation is high; we discuss the strategy we both use to help clients understand and plan for it. We haven't seen inflation figures like this in 30 years. Before trying to beat inflation, the first step is to look at the underlying emotions evoked by talk of inflation. The #1 question to ask yourself is: what is it that I’m ACTUALLY afraid of? a. …of being dumb with my money? b. …of not being able to afford things in the future? c. …of running out of money because prices go up? The second step it so look at the facts. That sounds silly, but the emotions that fear can stir up often lead us to a downward spiral of thinking, so it can be really helpful to step back from our feelings and look at the facts without judgement. The third step is to act. The strategy both John and Bridget use to take advantage of inflation is to buy stocks, have a fixed mortgage, and buy I-bonds. Check the minute marks: 0:40 Step One Understanding the emotions that inflation evokes :40