Recessions & Bear Markets: Developing a Plan – Episode 13
Welcome back to Your Retirement Blueprint! In today’s episode, after learning some interesting facts about Kendall’s life (any other newfound tea lovers out there!?), we’re talking about recessions, the difference between bear and bull markets, and inflation.
There’s a whole lot of “doom and gloom” talk out there in the world right now. How concerned should you be as you plan for your financial future?
We hope this episode is helpful! Thank you for listening and watching!
1) A “recession” simply means people are spending less money than they have been. When you start hearing the word “recession” thrown around, it’s not uncommon for fear to rise up. However, this term simply means that, due to a variety of factors (such as inflation), less money is being put into the market.
2) Never in the history of our economy have we experienced a dip in the market and not recovered. The economy is cyclical. People keep saying that this time is different (and in some ways, it is!), but the track record for our economy is very strong.
3) If you are living off dollars that are affected by the market dip, it’s time to change your strategy. Reach out to us and we’d love to help you!
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