• Inflation and retirement: How to manage risk while saving

  • Sep 10 2024
  • Length: 26 mins
  • Podcast

Inflation and retirement: How to manage risk while saving

  • Summary

  • In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell, and author, consultant, and professor, Charles Chaffin, break down the latest inflation numbers, how to manage the risk of inflation while saving for retirement, and how to protect yourself from common behavioral biases while saving for retirement. Do you recommend investing in a Roth 401(k) or a traditional 401(k)? Find out in our special segment, Ask Bob, where Bob answers the most common retirement and investing questions from our listeners. If you've got questions about money or retirement, email us at AskBob@yahoofinance.com. Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind! Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. 00:20 - Inflation and its effect on retirement savings 03:30 - Budgeting for retirement 06:25 - Managing inflation while saving for retirement 10:10 - How to protect yourself from behavioral biases 12:30 - How investors can stay the course for retirement 15:35 - Importance of investment policy statement 17:50 - Warning signs to watch for that affect decision-making 22:10 - Ask Bob - Do you recommend a Roth 401(k) or traditional 401(k)? 22:40 - Ask Bob - New employer offers 401(k), how should I invest? Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Zach Faulds and Alexander Frangeskides. Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant. Charles Chaffin writes, consults, and teaches in two areas: Financial Psychology and Workplace Learning & Productivity. He also serves as Professor of Practice in the College of Human Sciences at Iowa State University. Charles is the author of 'Psychology of Financial Planning: The Practitioner's Guide to Money and Behavior', and 'Numb: How the Information Age Dulls Our Senses and How We Can Get them Back'. Learn more about your ad choices. Visit megaphone.fm/adchoices
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