Inflation – Total Financial Solutions Safer Money Hour – June 12, 2018
Total Financial Solutions Safer Money Hour – Inflation – June 12, 2018
Hosts: Arif Halaby & Jeff Girard
Topic: Inflation, student loans, and passing down money to your kids
Total Financial Solutions Safer Money Hour – June 12, 2018
On this episode of Total Financial Solutions Safer Money Hour, Hosts Arif Halaby and Jeff Girard discuss a outpacing inflation with your social security and pensions, shocking statistics regarding student loan debt, and the dangers of passing an inheritance down to your children.
With Social Security today, the government is taking money from Social Security checks to pay for Social Security and is still not able to cover everyone and is having to borrow for the rest, Arif said. Social Security is actually going backwards.
Though many have accused President Trump of doing some “dumb” things, you can not deny that this administration has done some really great things.
Previous Episode: Lump Sums – Total Financial Solutions Safer Money Hour – June 5, 2018
Wages are up for the first time in a real long time, 2.9 percent, Arif said. Which means that across the board on average, everyone is making about 3 percent more than they were last year.
Everyday items, groceries, gas are getting more expensive and people are looking at what they can do to cover, Jeff said. Many people flock to the stock market and try to outpace inflation. That may work however you have to be very careful when doing so as to not get burned and end up worse than when you started.
Total Financial Solutions offers assistance with preparing for retirement and financial planning in Santa Clarita and the surrounding valleys. Santa Clarita financial advisor Arif M. Halaby, a Certified Estate Planner, and Total Financial Solutions staff work with people of all ages, helping them protect, grow and preserve their assets through an individualized approach. Arif Halaby is also the host of “Total Financial Solutions Safer Money Hour” on KHTS AM-1220. Launched in 2004, the show offers listeners from Santa Clarita financial planning tips and guidance for dealing with today’s ever-changing financial needs.