Recession ahead: How to protect your finances


Inflation is breaking records at more than 8%, and a global recession is likely on the horizon for 2023. While the news can be daunting, there are several steps you can take to stabilize your finances during a rocky economy.

Create a financial plan (or update the one you have)

A financial plan is your guiding light in a tumultuous market because it documents your short- and long-term goals. If you don’t already have a formal financial plan, your financial team can work with you to outline your…

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