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Five Reasons Why You Need a Financial Plan Before a Recession

With speculation swirling that the U.S. economy is heading for another recession, you might be wondering what you can do to protect yourself from feeling the pinch of a slowing economy.

Experts agree that proactive and prudent financial planning is key to avoiding emotion-driven decisions and maintaining a long-term orientation during times of turmoil. Those who already have a financial plan should take the time to re-evaluate its goals and strategies to ensure it can withstand a dramatic market decline. If you do not have a financial plan yet, take the initiative to start putting one toget...

 

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