In this Econ 101 session, Kevin Thompson, founder and CEO of 9i Capital Group, explains how rising oil prices act as a hidden tax on retirees. Oil impacts far more than gas prices. It flows through transportation, food, utilities, and everyday goods through a passthrough effect that raises the overall cost of living.

Retirees are especially vulnerable because their income is largely fixed. Social Security, pensions, and portfolio withdrawals do not adjust as quickly as rising expenses, creating a gap that erodes purchasing power over time.

Kevin also highlights common portfolio mistakes, including holding too much cash or relying heavily on long-term bonds, which may not keep pace in this type of environment. Instead, he discusses the importance of proper diversification and incorporating assets that can help hedge against inflation,  ...