Is It a Good Idea to Retire During a Recession? 3 Things to Consider, First.
Recession is a word that can leave a sour taste in anyone's mouth. For the vast majority of people, there's no good association with recession; the only things they can think of are economic uncertainty, job losses, declining stocks, dwindling retirement savings, and stress.A recession can impact nearly everyone's finances, but it can have an even greater impact on retirees or those approaching retirement because there isn't as much time to recover from them.It's pretty much impossible to predict with certainty whether a recession is coming. Some people think the signs are there; others think the pessimism isn't warranted. Either way, it's always better to be over-prepared than under-prepared.Continue reading
Recession is a word that can leave a sour taste in anyone's mouth. For the vast majority of people, there's no good association with recession; the only things they can think of are economic uncertainty, job losses, declining stocks, dwindling retirement savings, and stress.
A recession can impact nearly everyone's finances, but it can have an even greater impact on retirees or those approaching retirement because there isn't as much time to recover from them.
It's pretty much impossible to predict with certainty whether a recession is coming. Some people think the signs are there; others think the pessimism isn't warranted. Either way, it's always better to be over-prepared than under-prepared.
