Ask Paula: The stock market is down - Can I still retire?
Afford Anything
00:00
How to Protect Your Savings From Inflation
You want to protect the money from inflation, but you also need it to be in a relatively low volatility asset because of the fact that you have a five year time line. One is how flexible are you with this time line? If if you're ok with that, and you have that flexibility, put it in an index fund. The other approach is for tips, treasury inflation protected securities. Those are protected by the full faith of the us. Treasury. It achieves the goal of not eroding the savings to inflation. You're not going to experience growth, but you will be able to hold to your five yeartime line.
Transcript
Play full episode
