Skip to content
Opinion
Teresa Ghilarducci

Now What? Advice for Retiring Into a Recession

Make sure you have an emergency fund. You may need it sooner than you thought if a downturn hits.

Fun times. Photographer: Spencer Platt/Getty Images North America

Fun times. Photographer: Spencer Platt/Getty Images North America

Inflation rates are the highest since the early 1980s and most economists expect the economy to fall into a recession by 2024.

But it gets worse. Stocks are officially in a bear market, with the benchmark Standard & Poor’s 500 Index declining 20% from its peak in early  January.