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Retirement Answer Man

How to Navigate a Recession in Retirement

Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Education, Investmentmanagement, Saving, Self-improvement, Careerplanning, Retirement, Business, Lifeplanning, Investing, Retirementplanning, Financialplanning, Retirementpodcast

4.61.2K Ratings

🗓️ 15 April 2020

⏱️ 42 minutes

🧾️ Download transcript

Summary

So, we’re not in a recession yet, but these are definitely challenging times. Now is a great time to learn how to navigate a recession in retirement. A recession is a temporary economic decline with a fall in the gross domestic product over...

Transcript

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0:00.0

if your neighbor is out of work or significantly impacted by this pandemic disruption to the world,

0:07.4

that's the recession. If you are out of work or retired and impacted significantly feels like a depression.

0:15.2

We're going to talk about how do you navigate a recession if you're near or in retirement today

0:22.3

on the Retirement answer man show.

0:24.0

My name is Roger Whitney. Welcome to the show.

0:27.0

This is the show dedicated, believe it or not,

0:30.0

to not just surviving retirement, but rocking retirement, even in a recession.

0:37.5

Doesn't mean it's going to be easy.

0:39.0

Doesn't mean it's not going to be frustrating, but I believe you can.

0:42.5

And it's all about playing a little bit of defense,

0:44.5

and a little bit of offense,

0:45.4

and of course being agile as life unfolds.

0:49.7

So in last week's six-shot Saturday,

0:51.7

our weekly email that I always failed to tell you about

0:54.7

where we send six quick tips of how to rock retirement and a summary of the show.

0:59.1

You can go to Roger Whitney.com and subscribe to it.

1:01.6

I was sharing that last Wednesday was my low point.

1:05.0

I had informed my family that I was going to be grumpy for the day.

1:10.0

I was just tired of the bad news, the really sad news, the disruption to my life.

1:18.6

Yeah, I was being a little bit selfish.

1:20.4

I know, we are all selfish. So I just just I'm going to be grumpy I just had enough of being

1:26.4

positive and proactive which is interesting because someone had had a conversation with me

...

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