Dealing With an Economic Recession in Retirement

Economic recessions can be defined in different ways, but they always have a significant and negative impact on economic conditions. Shutterstock

In good economic conditions, it’s easy to feel optimistic about your retirement and long-term future. But if an economic recession hits as you approach retirement or in your early retirement, you might begin to feel concerned about your ability to live the rest of your life without working.

How are you supposed to deal with economic recessions and volatility in retirement?

The Impact of an Economic Recession on Your Retirement

Economic recessions can be defined in different ways, but they always have a significant and negative impact on economic conditions, often stifling investments, business transactions, employment, and more.