-
This is the ‘best defense’ against inflation, says financial advisor
Catherine Mcqueen | Moment | Getty Images Inflation is gradually falling but remains high, meaning consumers’ budgets continue to be stressed by fast-rising prices. For some, that might mean making tough financial tradeoffs — an exercise that starts by coming to terms with the situation and making an honest assessment of your needs, said Lazetta Rainey Braxton, a certified financial planner and co-CEO of virtual planning firm 2050 Wealth Partners. “The best defense against inflation is being true to knowing your necessities and accepting the fact that [prices have] increased,” said Braxton, a member of CNBC’s Financial Advisor Council. More from Ask an Advisor Here are more FA Council perspectives…
-
How to retire amid inflation, according to financial advisors
Fizkes | Istock | Getty Illustrations or photos Achieving retirement with a nest egg that you have confidence in will final is a annoying endeavor even in the best of times. These days, all those nearing the end of their professions also have to contend with historic inflation, stubborn industry volatility and the remnants of the coronavirus pandemic. We asked 4 of the financial advisors who designed CNBC’s FA 100 record in 2022 what they’re listening to from their older customers and how they are responding. Rising interest charges prompt pension considerations “Many of the fears right now by near-retirees are like people of the earlier,” stated Kyle W. Harlemert,…
