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This article originally appeared on GOBankingRates.com: Warren Buffett and 6 Other Money Experts on the Most Important Things To Do During a Recession Show comments Advertisement
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“During a recession, job security can become uncertain, and having a robust emergency fund can prevent you from resorting to high-interest debt or making hasty financial decisions,” said ...
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3. Use an annuity the right way. Annuities have gotten a bad rap over the years, but if used correctly, they can provide both safety and reliability during uncertain times in retirement.
“During a recession, the risk of job loss, reduced income or unexpected expenses increases significantly, and having a robust cash reserve can provide the financial stability needed to navigate ...
Projections assume initial earnings of $50,000 and are based on the researchers' analysis of earnings during periods of growth and recession from 1980 to 2011. By now, those unlucky millennials who graduated at the wrong time have cascaded downward through the economy.
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