Are You Prepared for This Possible Risk? A Recession Could Happen in the Future
3. DOES THIS CHANGE MY RETIREMENT OR INCOME PLAN?
Most of us remember the Great Recession we experienced in 2008. Many people lost their jobs and homes because of it. Although the United States is currently not in a recession, it is a risk that could happen in the future. You may feel stressed and have concerns about what the future could hold. However, working with a financial advisor is one of the best ways to prepare. Here are three questions you need to ask your financial advisor before a recession. 1. WHAT IS THE STRATEGY? Before you can do anything, you need to have a plan. Work with your advisor and develop a plan on what you need to do with your money. Although problems may arise, there is always room for opportunities. Ask your financial advisor about available opportunities and how to incorporate them into your plan. 2. WHAT DOES THE FUTURE LOOK LIKE? Although no one can predict the future, you still want to discuss the different possibilities that could happen. If there are various avenues you can take while planning, ask your advisor what the possible outcome could be for each strategy. But you don’t want to hear hypothetical answers. Instead, ask what concrete tools your advisor offers to handle a recession. How can they help you preserve your wealth?
Besides implementing a strategy, asking about how this changes the
plan you already have is essential. Even during a recession, you still want to keep your retirement and income goal in mind and continue to pursue it. You might have to adjust your plans, but a good advisor can ensure you stay on course. Your advisor can evaluate various options and see which will give you the best possible outcome and help you boost your savings. If you have any questions about how to better prepare for a recession, contact your friends at DuPont Wealth Solutions. We will be happy to look at your goals and devise a plan that best suits your needs. Although this can be a scary time, we will guide you through the storm and ensure you are taken care of. Please give us a call so we can begin preparing for the future! Want more information on how to weather a recession and how to utilize your advisor if one occurs? Listen to episode 33 of our Your Financial Advocate podcast at YourFinancialAdvocate.BluBrry.net.
SUDOKU
GREEN BEAN AND EGGPLANT STIR-FRY
Inspired by ThePlantBasedWok.com
In just 30 minutes, turn a pile of summer veggies into a Chinese-inspired dish.
INGREDIENTS
2 Chinese eggplants, cut into 1/4- inch strips
1 red chili pepper, thinly sliced
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2 tbsp soy sauce
Salt, to taste
1 tbsp vegan stir-fry sauce (like Lee Kum Kee Vegetarian)
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3 tbsp vegetable oil, divided 6 oz green beans, trimmed 6 cloves garlic, minced 1/2-inch piece of ginger, thinly sliced
1/8 tsp pepper
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DIRECTIONS
1. In a large bowl, add the eggplant and coat with salt. Cover the eggplant with water and soak for 15 minutes. Drain and pat dry. 2. In a wok over medium heat, warm 2 tbsp of oil. Add the eggplant and fry for 4–5 minutes. Remove and set aside. 3. Add the remaining oil and green beans to the wok. Fry for 5 minutes, then remove and set aside. 4. Add garlic, ginger, and chili before stir-frying for 1 minute. Return the green beans and eggplant to the wok and add the soy sauce, vegan stir-fry sauce, and pepper. Toss to coat, then serve over rice!
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