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Power Your Retirement

Hosted by Steve Smit, CERTIFIED FINANCIAL PLANNER® and founder of Powerhouse Financial Advisors, this podcast is designed to help employees of large publicly traded utility companies take control of their retirement planning. Steve, author of Power Up Your 401(k), shares insights on maximizing 401(k) options, navigating self-directed brokerage accounts, and creating a secure financial future. Tune in for practical advice, helpful resources, and strategies to power up your retirement! Subscribe and never miss an episode! Also available in video format on YouTube. For more information about Power Your Retirement, visit PowerhouseFinancialAdvisors.com or call 775-266-8867.

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Inflation Is Still Wrecking Retirement Confidence

September 18, 2025 • Steve Smit

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Inflation may not be in the headlines like it was in 2022, but for most Americans, it’s still public enemy number one when it comes to saving for retirement. A new Schwab survey reveals just how many people feel unprepared, and the ripple effect it has on retirement confidence. In this episode, Steve unpacks the numbers behind the survey and talks through what they mean for you.

Here’s some of what we discuss in this episode:

📉 57% say inflation is their biggest obstacle to retirement

💸 Only 34% feel “very likely” to meet retirement goals

🛒 4 in 10 are cutting back spending to keep saving

🏦 Hardship withdrawals and 401(k) loans are down from last year

🔑 Confidence grows when there’s a plan in place

Schwab Survey

Americans believe this is the No. 1 obstacle to saving for retirement, by Medora Lee:

https://www.usatoday.com/story/money/personalfinance/2025/07/29/inflation-retirement-savings-survey/85413630007/

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