Watch

the news or read a magazine and you can comfortably conclude that there is a lot of uncertainty about our economy today. Many economists have discussed the possibility of a recession in 2023, and given the volatility in the markets, many investors see that possibility, too. The argument for a recession is simple: Higher inflation is leading to higher interest rates. Higher interest rates often lead to an economic slowdown, as people and businesses borrow less, and by extension, spend less. This, in turn, can cause a spike in unemployment. Now, we don’t have a crystal ball and can’t say for certain whether we will have a recession this year or not. But, as financial advisors, our job isn’t to predict the future, but to help our clients prepare for it.

Generally speaking, there are four things all investors should review and potentially adjust before a recession hits. They are:

• Your diversification. Is your portfolio overly vulnerable to an economic downturn?

• Your risk tolerance. Are you taking on too much risk, especially in a high-interest rate environment?

• Your cash flow. How could a recession impact your income, especially in retirement?

• Your debt. How might rising interest rates affect your ability to pay off your mortgage, auto loan, or credit cards?

Honestly? Today it might just be one of the most important times to have a viable strategy and a cohesive financial plan. While economic downturns are never fun, we remain confident in the long-term viability of the capital markets, recession or not. That said, no one can afford to bury their head in the sand and just “hope” things will get better quickly. We believe that families need to make sure that all aspects of their finances have been accounted for when it comes to preparing for a possible recession. If you’re not sure how to do that, meeting with a seasoned and competent financial advisor really ought to help. For instance, an advisor can review your assets along with your goals and determine just how sensitive your portfolio might be exposed to falling markets and rising interest rates. This way your strategy can be updated now, rather than waiting until a recession actually hits. Plan for the future before the future becomes the present!

In the military, there’s a rule of thumb that goes, “Prior proper planning prevents poor performance.”

By taking steps in advance to prepare for a possible recession, work can be done to mitigate its effects on both your portfolio and your finances in general. And, if you’d like some help from a team with over 50 years of combined experience in the Financial Planning industry, consider giving us a call and scheduling a complementary discussion. Our offices are right around the corner from Cresswind, and we believe that this meeting can be both impactful and meaningful. Of course, we may be a bit prejudiced in the value of what we do, but having steered hundreds of families through some very scary markets over the past twenty years, we have learned a lot about how to provide guidance and comfort in turbulent times, two things that might just make a difference for you.

After that initial meeting we will be able to identify whether investment assets you have are overly risky or vulnerable to an economic downturn, what steps you should take to help you adjust to falling markets and rising interest rates, and to identify any other worries or concerns you have that my team and I can help you with. One of our most ardent goals is to help our clients feel confident about their financial future, both short and long-term. In general, we want everyone we work with to be well prepared no matter which way the economy goes.

So, if you agree that it might benefit you to have a conversation and to get a “second opinion” on your current investment strategy and financial plan, please call us. I believe that you will find it time well spent.

Lifestyle at Cresswind Peachtree City

Happy Spring! The winter months have been full of crazy up & down temps and RAIN!! We have enjoyed the amazing events in our beautiful clubhouse and we are looking forward to warm weather, spring flowers, walks in the sunshine and many outside events.

The Lifestyle Committee and myself have many exciting events planned for the upcoming months. We focus on Set Yourself FREE (Fitness, Relationships, Education & Entertainment), as we seek to find new & fun ideas to keep you living your best life here at Cresswind Peachtree City!

About this Magazine

The contents for the Whippoorwill™ at Cresswind® Peachtree City Magazine is provided to the residents of Cresswind® Peachtree City for no profit, to ensure that residents receive relevant and updated content about activities, events and facilities. This magazine is provided at no cost to the residents of the Cresswind® Peachtree City community and is printed using advertising profits on a quarterly basis. Please support the advertisers who make this magazine possible. If you have any ideas or would like to contribute to its making, please contact Paula at: paula.garrett@fsresidential.com.

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The Whippoorwill™ at Cresswind® Peachtree City Magazine is a publication of Print Graphics Services, Inc. Subject matter published is the opinion of the author and does not necessarily reflect the opinion of the publisher of this magazine. Advertisers assume responsibility for the content of the ads placed in publication. Material published may not be reproduced without written permission of Print Graphics Services, Inc.

The information and advertisements contained in this magazine are provided to the members of Cresswind® Peachtree City and its homeowners association as a courtesy only. No representations are made as to information presented, the quality of goods or services advertised, or the veracity of the statements relating to the goods and services. The printing of opinions, information or advertisements does not constitute an endorsement by the Cresswind® Peachtree City community or such opinions, information, goods or services.

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