Financial Education Resources

Clients frequently ask if their debt should be paid down. Generally, we recommend avoiding debt other than a reasonable mortgage, especially as retirement approaches. In some cases, however, debt can be innocuous or even helpful. This chart summarizes the logical process for deciding to pay off debt. The steps are described below Cash Flow Risk… [Continue] (Feed generated with FetchRSS )

Photo by Ketut Subiyanto from Pexels

To prepare for a recession, focus on what you can control. Some dangers of a recession include a job loss or a decrease in pay. Increase your emergency fund to at least six months of expenses to cover an unexpected drop in income. Review your budget and decrease spending on discretionary items.