Worried About a Recession? 5 Money Moves All Retirees Should Consider, Just in Case
Recessions can be worrisome no matter when they happen, but they're especially scary when you're retired and living off your savings. You may have no other income sources besides your retirement accounts, and they could lose value when you need them most.It's hard to say when a recession will hit, though rumors are floating around that one could be on the way. If you're worried, you can do a few things to help yourself better weather the challenges a recession could bring. Consider doing the following five things if you haven't already.Image source: Getty Images.Continue reading
Recessions can be worrisome no matter when they happen, but they're especially scary when you're retired and living off your savings. You may have no other income sources besides your retirement accounts, and they could lose value when you need them most.
It's hard to say when a recession will hit, though rumors are floating around that one could be on the way. If you're worried, you can do a few things to help yourself better weather the challenges a recession could bring. Consider doing the following five things if you haven't already.
Image source: Getty Images.
