Ep 55: How Should I Prepare for a Possible Recession?
The Retirement Show: Your Life, Your Money with Scott Sierens
English - May 26, 2022 09:00 - 47 minutes - 43.6 MB - ★★★★★ - 3 ratingsInvesting Business Careers 401k chicago ira illinois pension roth elgin financialplanning healthcare retire Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Are we headed into a recession? That’s the question that’s on a lot of minds. On today’s show we’re going to make sure a recession doesn’t ruin your finances or retirement plans. We’ll also welcome retiree and investor Jim Manning to the show so he can ask questions, which are probably the same questions you have.
What we discuss in this episode:
1:21 – Meet Jim Manning
4:55 – Jim’s business experience
6:19 – Jim’s product was used in space
12:35 – What is a recession?
14:25 – How to prepare
21:25 – Jim’s experience with recession
23:52 – Going to cash
29:09 – How long could it last?
36:30 – Adjusting investment strategy
40:28 – Age makes a difference
42:32 – Minimize stress and fear
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