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Stay Wealthy Retirement Podcast

Zero Inflation, Buffer ETFs, and Social Security Increases

Stay Wealthy Retirement Podcast

Taylor Schulte, CFP®

Financialplanning, Retirement, Money, Taxplanning, Stocks, Wealth, Business, Investing, Retirementplanning

2.4606 Ratings

🗓️ 16 August 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

Today I’m tackling a few retirement and investing questions from our listeners.

Specifically, I’m answering the following:

  1. How do you make sense of the two conflicting July inflation reports (0% inflation vs 8.5%)? 
  2. What are Buffer ETFs and are they a good investment for retirement accounts?
  3. What will the 2023 Social Security COLA be and why are news outlets quoting different numbers?

If you're ready to get answers to some of the top retirement questions I've received lately, this episode is for you.

***

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Stay Walthy podcast. I'm your host, Taylor Schulte, and today I'm tackling a few questions from our listeners.

0:11.4

Specifically, I'm answering questions about the two opposing July inflation reports that we saw floating around last week,

0:18.3

using buffer ETFs as retirement investments, and then clearing up

0:22.9

some confusion around the potential social security increases in 2023. We're covering a lot of ground

0:29.4

today, so be sure to check out the links and resources for this episode by going to

0:34.3

you stay wealthy.com forward slash 164.

0:40.3

Okay, our first question comes from Steve W, who immediately emailed me when the July

0:45.5

inflation numbers came out asking about this controversy between the two different reports

0:50.4

that were making headlines. Specifically, he asked what to make of the different reports,

0:55.6

which one was more accurate, and what the July CPI numbers might mean for the longer-term

1:01.5

inflation trend that we've all been closely monitoring. So in case you missed the heated

1:06.7

internet debate after the July CPI report was released. As Steve mentioned, we essentially saw two

1:13.1

opposing statements about inflation and the change in consumer prices. We saw one set of headlines

1:18.9

based on a statement made by President Joe Biden stating that our economy experienced 0% inflation

1:25.8

in the month of July. And then we saw another set of headlines that

1:29.6

said inflation rose by 8.5% in July. Both statements are technically accurate, but in addition

1:36.5

to causing both sides of the political aisle to weigh in with their strong opinions, a lot of

1:41.2

people were left confused about what the most recent inflation report really meant.

1:45.9

So let's dissect this for Steve and anyone else who might be interested here.

1:49.6

Pushing politics aside, because this isn't the podcast for that, avid stay wealthy listeners

1:54.5

who have followed my inflation episodes for a while now know that the inflation rate we are

1:59.2

typically presented with.

...

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