Summary: Retirees should prepare for a potential recession by building cash reserves and reviewing investments.

From Nasdaq: 2025-03-18 08:00:00

Summary:
With rumors of a recession on the horizon, it’s important to prepare financially. Consider building cash reserves, reducing spending, reviewing your investment portfolio, paying down high-interest debt, and optimizing your Social Security claiming strategy. Remaining calm and avoiding rash decisions during a recession is key. Social Security benefits can help, but it’s wise to plan ahead for a more secure financial future.

Source: https://www.fool.com/investing/stock-market/basics/what-is-a-recession/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=5ebf0ecf-d812-4322-9a78-3c2916cfcf21



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