Recession fears are back in the headlines, but should they be back in your financial plan, too? We’re in the middle of earnings season and data is coming in, so Scott will tackle the question: Are we heading for a recession?
With shrinking GDP, rising inflation, and uncertain interest rate moves by the Fed, we’ll try to decipher what the latest economic signals really mean and discuss how investors should think about their portfolios right now. This isn’t the first time we’ve faced a recession, so we’ll share some of the lessons we’ve learned from market downturns in recent decades. Whether you’re a pilot still working or approaching retirement, you’ll learn how to avoid emotional decision-making, why timing the market rarely works, and what steps to take if you’re entering the retirement “red zone.”
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Here’s some of what we discuss in this episode:
📉 What GDP shrinkage really means for investors
⏳ Why timing the market rarely works
📆 How to prepare for a recession if you’re near retirement
🔁 Understanding sequence-of-return risk
📈 History shows the market rebounds before the economy does
0:00 – Intro
1:10 – Economy Shrinking
2:47 – Difficult decision for the Fed
4:53 – What is a recession?
6:05 – How to invest
10:15 – ‘This time is different’
11:36 – Market rebound
Resources for this episode:
Scott’s Book, A Pilot’s Guide To Maximizing Wealth & Cashflow In Retirement