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Preparing Our Finances for Increased Inflation

South Carolina Business Review logo

After over two decades of historically low inflation, many experts are now predicting an end to that trend.  The Federal Reserve, in fact, says higher prices would be welcome.  Should we be making changes to our personal financial plans to prepare for this?

Mike Switzer interviews Joe Costigan, a chartered financial analyst with Apricus Wealth in Beaufort, SC and a member of the South Carolina chapter of the CFA Society.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.