Tim Baker talks through two I's that you might be overlooking as it relates to your financial plan: inflation and I-Bonds.
Key Points From This Episode
- Kicking off with inflation; what the term actually means and why it's the current hot topic.
- Breaking down the inflation statistics and how it's affecting your buying power over time.
- Encouraging the listener to start by listening to Ask a YFP CFP® episode 93
- Introducing I-Bonds, not to be confused with E-Bonds.
- Who the I-Bond is suitable for, and the big potential drawback: the holding period.
- Some of the interesting and quirky rules of I-Bonds.
- Why methods to protect you against inflation are important.
- How folks often underestimate their nest egg needs because of not considering inflation.
- Talking about inflation in the context of an emergency fund.
- Tim offers some different ways you can slice the apple, depending on the scenario.
Links Mentioned in Today's Episode
