Today, Rick Bloom is joined by Bloom Advisors colleague Scott Whyte to discuss all things inflation. It's been a hot topic in the news lately, and we cover what you need to know.

• We begin with a definition of inflation - what exactly is it?
• How is inflation measured and what exactly is the CPI, or Consumer Price Index?
• What about the core inflation rate?
• Why is it important to see how inflation factors into your individual situation?
• Some suggest inflation is here to stay. Others say it's transitory. Either way, we are not facing the historic inflation you may remember from the 1970's.
• Inflation isn't all bad.  What can you do in your portfolio in times of inflation? (Hint: Diversify!)
• Why hoarding cash or gold may not be the best idea.
• What is "shrink-flation?"
• What is inflation's impact on retirees?
• What are some things you can do right now to protect yourself?

Finally, Rick answers a listener email regarding his changing stance on annuities.  Rick explains why he recommended them in the 90's, but not anymore.

If you have a financial question for Rick, you can email him:  rick@rickbloomtalksmoney.com.

Note: Bloom Asset Management is now Bloom Advisors.  Find Rick and the team at https://www.bloomadvisors.com/  or call (248) 932-5200.