Welcome to a new week here on the One Minute Retirement Tip Podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $325 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision. 

The theme this week on the One Minute Retirement Tip podcast is: How to Recession-Proof Your Retirement. 

If history is any guide, then you’re likely to live through a recession in retirement. I mean it’s pretty much inevitable. The word “guarantee” is a no-no in the financial world, and you should be suspicious of anyone who uses it, but I can safely say I pretty much guarantee that a recession will happen to you in retirement. 

So this week, I’ll talk about 

• Why recessions in the early years of retirement can be so problematic and scary
• What you need to know about recession cycles and why it’s important
• How to Protect Your Investments In A Recession
• Why Cash Reserves Are The Key To Recession-Proofing Your Retirement
• How To Have More Control Over Your Finances In A Recession 

I hope what I have to share with you this week will help you make smart and thoughtful decisions with your retirement. And while I am careful to not lead you astray, personal finance is not an exact science. There is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Come on back tomorrow, where I’m explaining why retiring during or just before a deep recession can be one of the worst case scenarios that ever happens to your finances. 

Thanks for listening! My name is Ashley Micciche...and this is the One Minute Retirement Tip. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance