YFP 239: Two Financial I's You May be Overlooking

Your Financial Pharmacist

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

• Join the YFP Tax Waitlist
• Investopedia: What is inflation?
• Your Financial Pharmacist Webinars
• Ask a YFP CFP® #93: Is it ok to have a portion of my emergency fund in electronic U.S. Treasury Savings Bonds?
• TreasuryDirect
• Series I Savings Bonds: End-Of-Year Strategies To Take Advantage Of The Current High Interest Rate
• YFP Planning: Financial Planning for Pharmacists
• Schedule a free Discovery Call with YFP Planning
• Your Financial Pharmacist Disclaimer and Disclosures