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Tax laws change every year — and this year is no different! This downloadable guide will walk you through the latest tax law changes to help you avoid any surprises. In this 12-page guide, you will find out:What is a Recession? Should You Be Concerned? (& Statistics for Bear & Bull Markets)
Have you been hearing the word “recession” a ton lately? It feels like we’ve heard it every single day as a looming, sinister concern for each of our financial futures.
In this episode, we’re breaking down what a recession is, whether or not you should be concerned, a look back on the statistics for the ups and downs in the economy throughout history, and what you should consider doing with your investments if we do enter a recession.
Check this one out for some timely advice! We hope this is a support to you as you think through your financial plan.
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Key Takeaways:
1) The economy is very cyclical. Ups and downs are a normal part of the economy we live in. As such, recession isn’t unusual; it’s part of the process.
2) Stay invested. We hope that the statistics Kendall shared in today’s episode give you a historical look at high and low markets. You don’t need to be scared. Instead, there is likely great opportunity to consider in a “low” market. Now is not a time to shy away from putting money into your retirement accounts and investments.
3) If you are a retiree, the potential recession might have you worried. If you are retired, your income typically does not change in a recession. This is a small little piece to consider from today’s conversation, but it’s an important one!
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Please remember that converting an employer plan account to a Roth IRA is a taxable event. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified tax or legal professional for guidance before making any purchasing decisions. Any and all other services related to insurance are an outside business activity and are not offered through or supervised by AE Wealth Management, LLC. Life insurance policies are contracts between the client and an insurance company. Annuities are insurance products that may be subject to restrictions, surrender charges, holding periods, or early withdrawal fees which vary by carrier. Annuities are not bank or FDIC insured. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. Investment advisory products and services offered through AE Wealth Management, LLC., (AEWM), a Registered Investment Adviser. 210 Financial is a separate entity from AEWM. 1357297 – 6/22
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