57: What Women Need to Know if there's a Recession

<p class="p1"><em>Recession.</em></p> <p class="p2"> </p> <p class="p1">We’ve seen the headlines, in all their dramatic glory.</p> <p class="p2"> </p> <p class="p1">Today<span class="s1">’</span>s episode isn<span class="s1">’</span>t about defining <span class= "s1">“</span>recession” and all its complexities (a topic on which no one ever seems to agree!). Instead, it<span class="s1">’</span>s about the reality that recessions are simply a part of the economic cycle and, more importantly, that it<span class="s1">’</span>s something everyone has to deal with when it does come.</p> <p class="p2"> </p> <p class="p1">We have no control over <em>the</em> economy, and that<span class="s1">’</span>s okay. What we can—and <em>must</em>—control is <em>our</em> economy. Stephanie and Kevin share how we can do just that, from dealing with scary stock market fluctuations, to having a Plan B in case you lose your job (or your spouse loses theirs), to creating more financial flexibility and tapping into your assets, and more!</p> <p class="p2"> </p> <p class="p1"><strong>Key Topics:</strong></p> <ul class="ul1"> <li class="li1"><span class="s1">“</span>What the heck is a <span class="s1">‘</span>recession<span class="s1">’</span>?” (1:50)</li> <li class="li1">The importance of having a long-term view of the stock market (5:34)</li> <li class="li1">Losing your job during a recession (10:21)</li> <li class="li1">Increasing your flexibility (12:49)</li> <li class="li1">Your Plan B (17:19)</li> <li class="li1">Health insurance (19:12)</li> <li class="li1">Tapping into your assets (20:53)</li> <li class="li1">Loans from retirement plans (27:04)</li> <li class="li1">Health savings accounts (28:59)</li> <li class="li1">Life insurance and social security benefits (30:04)</li> <li class="li1">Our closing thoughts (31:46)</li> </ul> <p class="p2"> </p> <p class="p1"><strong>Resources:</strong></p> <ul class="ul1"> <li class="li3"><span class="s2"><a href= "https://takebackretirement.com/podcasts/women-roth-iras-what-should-you-be-aware