5 Predictions For An Economic ‘Soft Landing’ That Were Totally Wrong
Retirement Talk Podcast with Laura Stover
English - October 25, 2023 12:00 - 36 minutes - 49.6 MB - ★★★★ - 38 ratingsInvesting Business 401k laura retired business financial investtalk lifestyle money moneymanagement ohio Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Laura Stover, RFC® is joined by guest co-host Darlene Tucker, CFP® today. This week’s weekend brief comes from Forbes: “5 Predictions For An Economic ‘Soft Landing’ That Were Totally Wrong.”
With a lot of uncertainty in the world, and now 2 wars going on, investors are asking what that means for their futures. Are we in for a soft landing? Before we answer that, Darlene and I look at some history - 5 times that media called for a soft landing, but got it totally wrong. This happened in 1973, 1980, 1981-1982, 1989-1991, and of course in 2007-2009. In each one of these examples, the “landing” was anything but soft.
Of course, past performance does not guarantee future results. But while some analysts are calling for a soft landing now, in late 2023, there are steps you can take to protect your portfolio and your retirement future.
Much of America’s debt is in credit cards. Darlene reminds us that taking a good hard look at our spending habits can be helpful. And with interest rates higher than just a couple of years ago, that opens more opportunities for investment outside of just the stock market.
As always though, the very best thing you can do is work with a financial professional to create a plan that’s individualized to your circumstances, like we do here at LS Wealth. Our contact info follows.
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