Broker Check

Are we (or are you) in a recession?

| July 28, 2022
Today a second consecutive decline in GDP was reported which meets one widely accepted "technical" definition of recession. Recessions are officially declared by the National Bureau of Economic Research, a group of economists whose committee defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.”  That remains to be seen.
There are varying definitions of recession. What matters most is if you are personally in a recession.  As the old adage goes if you lose your neighbor loses their job we are in a recession and its a depression when you lose yours.  
If you are uncertain or concerned about your financial future contact us today for an evaluation.  We have many financial planning services to help including retirement income, investments, tax planning, insurance, student loan forgiveness, estate planning, and state retirement systems anaysis.