Skip to main content
Created: August 17, 2020
Modified: June 29, 2023

Protecting Your Retirement in a Recession

We are in a recession. There’s no denying it. I don’t care if the official measurements about two-quarters of a downturn haven’t come out yet. You cannot have the level of unemployment that we have and not be in a recession. What does the recession mean for your money? How does the recession affect your retirement?

History of Recessions:  

History has shown that in previous recessions people who kept their money in the market did better than those who tried to time the market. There’s a caveat to that though, which is that you had the right financial plan in the first place. The right financial plan for you should act as the foundation, as an anchor, so you don’t end up making decisions based on emotion.

Having a Financial Plan:

I think you should make sure you have a custom financial plan based on your individual situation. This will help you not take more risk then you’re supposed to. Then, you won’t get spooked out of the market.

If you don’t have a plan, it’s time to get one! I believe it’s best to have a financial plan that goes out for 20 or 30 years. It doesn’t have to be complicated. We realize at Johnson Brunetti people want simplicity. Also, make sure that you have a custom financial plan based on who you are as an individual, not based on what some software program says.  

Use a Fiduciary:

If you’re going to get professional help, I recommend you use a fiduciary. If you use a fiduciary, it means they must act in your best interest by law.

Information presented in our podcasts is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.

Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial.

Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.
The guarantees provided by any type of insurance contract are based on the claims-paying ability of the insurance company.

Joel Johnson, CFP®
Managing Partner at Johnson Brunetti
Joel Johnson, CFP®
Joel Johnson, the Managing Partner of Johnson Brunetti, has been in the financial services industry since 1989. As a CERTIFIED FINANCIAL PLANNER™ professional, Joel and his team have helped thousands of families develop their own individualized retirement plans based on the unique needs of those approaching the second phase of their lives. Starting from humble beginnings but developing a strong work ethic early on, Joel’s grandfather taught him by serving others first and creating value for someone else, you will never have to worry about money. These important life lessons were the driving…
Resources by Topic

Subscribe to Our YouTube Channel

Share

Related Resources

  • How to Jumpstart Your Retirement Planning

    Retirement planning can feel overwhelming, especially after decades of hard work and diligent saving. With so much to consider, how can you ensure your money lasts as long as you do? The good news…
  • Podcast Episode 408: What to Do in a Down Market

    Prefer to watch? Click here to watch and listen on YouTube. As recent market fluctuations have stirred up a lot of economic uncertainty, there’s a particular question on many investors’ minds: …
  • What Estate Planning Steps Should I Take?

    With retirement on the horizon, you may be wondering what steps you should be taking from an estate planning standpoint. At its core, there are three key estate planning considerations to keep in …
  • Case Study: What Should My Investment Portfolio Include?

    As you approach retirement, your investment strategy must shift from aggressive growth to a focus on income generation, asset preservation, and moderate growth to outpace inflation. Consider th…
  • Podcast 407: Is My Social Security Income Taxable?

    Prefer to watch? Click here to watch and listen on YouTube. A common misconception about Social Security is that whether your benefits are taxed depends on the state you live in. While state ta…
  • How Can I Protect My Retirement Savings from Market Volatility?

    We’ve been receiving a lot of questions lately about how to best protect your retirement savings against stock market volatility. It’s easy to let recent fluctuations in the market shake your conf…
  • Avoiding the Retirement Tax Trap

    Once you retire, understanding your tax implications becomes even more crucial. After all, taxes don’t disappear in retirement. In fact, as you begin withdrawing from your retirement savings, you …
  • Podcast Episode 406: How to Plan for a 30-Year Retirement

    Prefer to watch? Click here to watch and listen on YouTube. The retirement landscape has changed dramatically. Today’s retirees bear much more of the responsibility for securing their financial…
  • Podcast Episode 405: The Retirement Tax Trap

    Prefer to watch? Click here to watch and listen on YouTube. The term “tax trap” comes from the misconception that you’ll need less income in retirement, so you’ll pay lower taxes. This leads ma…
  • What Should I Watch Out for When Reviewing My Retirement Tax Return?

    Now that tax season is over and your return is filed, you may be wondering what you need to review in preparation for next year, especially if you’re approaching retirement. In this week’s Mone…
    Back to top
    Our Locations
    Johnson Brunetti
    Welcome to Our New Website!
    Everything was designed with you in mind, making our retirement planning resources more easily accessible to you.
    Check out your new resource center, where everything can be organized by article type or topic
    Are you ready to speak with a financial advisor?
    Skip to content