One Way Near-Retirees Can Ride Out a Recession
Though the energy and anxiety we spend on them might suggest something more epic and frightening, recessions are simply a normal part of the economic cycle. Some are worse than others.
Certainly, those of us who lived through the Great Recession may be predisposed to some outsized worry. But recessions are healthy and necessary.
Recessions Have Some Good Points
Like the seasons, economic cycles include periods of growth and periods of depletion and rest. We shed unhealthy waste in the fall and winter of our economic cycles to make room for the green shoots and progress of cycles that follow.
Failing companies that struggle to make it through periods of growth finally shutter, and their employees are released back into the pool of worker talent to feed healthy future growth. Equities prices are "pruned" back, and other so-called "creative destruction" allows for new growth and innovation.
Right now, stocks are approaching historically expensive valuations, for example. A recession will
