How To Design Your Retirement Income Map With Dennis Tubbergen

Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Google Podcasts” or read below for How To Design Your Retirement Income Map. Summary: [143] – How can we prepare for retirement with the current upward inflation trend? In this episode, Jeremy Keil interviews Dennis Tubbergen, financial advisor, radio host of Retirement Lifestyle Advocates and consumer finance author, about designing our retirement income map. Dennis shares his explanation of how to prepare for retirement, touching on topics of inflation and deflation, post-pandemic investing, tax saving strategies, and revenue sourcing, to name a few. Dennis discusses: How we can beat today’s rampant inflation Investing strategies for when deflation is expected What type of real estate helps with deflation What he thought post-pandemic investing would look like and how it has actually looked over the past 3 years What revenue sourcing is The biggest investing mistakes people make with their IRA or 401(k) Some tax-saving strategies for IRAs and 401(k)s And more How To Design Your Retirement Income Map Are you worried about how to design your retirement income map and invest for both inflation and deflation? Continue reading on as we help you prepare for retirement and maximize your income. How Can I Beat Today’s Rampant Inflation? Inflation is a major concern for all Americans right now, but especially for retirees because it can erode the value of their savings and reduce their purchasing power. That may not seem like that big of a deal for Americans who are actively employed, but retirees need to plan to stay ahead of inflation with other means of income. To beat inflation, it’s important to invest in tangible assets like gold, silver, and certain types of real estate. These assets tend to hold their value during times of inflation and can provide a hedge against inflationary pressures. How Should I Invest To Prepare For Deflation? Deflation is another economic concern that everyone should be aware of and prepare for as they approach retirement.  To prepare for deflation, it is important to invest in assets that are likely to hold their value during times of economic contraction, like certain types of real estate. Some real estate will do very poorly, like residential and commercial real estate, but farmland is a good investment for deflation because it tends to hold its value and can provide a steady source of income. What Does Investing Look Like Post-Pandemic? The COVID-19 pandemic has had a huge impact on the economy and the way we invest. Dennis Tubbergen shared that he expected the government’s response to the pandemic by stimulating the economy through increased spending, which led to massive inflation. As anticipated, we find ourselves amid a wave of inflation and expect it to continue to accelerate. He emphasizes that the current wave of inflation is likely to be temporary and that the long-term effects of high debt levels will ultimately drive deflationar