The Federal Reserve’s been raising rates all year, and they’ve signaled they’re not done yet.
Rising rates act as a brake on the economy, slowing it down in order to tame rising prices, otherwise known as inflation.
But there’s a problem with slowing the economy. Slow it too much and it could start sliding into reverse — in other words, a recession.
Many experts (and investors) are wondering if a recession is coming in 2023.
We’re already dealing with rising rates and a roller-coaster stock market. But preparing for a potential recession is a whole other ballgame.
In this week’s podcast, we’re going to talk about how to do it.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week’s special guest is David Alison, a certified financial planner (CFP) and president of C2P Enterprises.
Remember, even though we sometimes talk about money and specific investments on this show, don’t take them as recommendations. Before investing in anything or making any other money moves, do your own research and make your own decisions.
You can watch this episode below, or if you’d prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
Is a recession on the way?
Learning to watch for the signs of a recession is a big part of preparing for what’s next. Do you know how to check for a coming recession? While it can’t be completely predicted, we’ve got some resources to help you get a feel for what might be coming.
- 6 Typical Warning Signs of a Recession
- 9 Billionaires Who Say a Recession Is Imminent
- 5 Good Things About Recessions
- Is a Recession On the Way? Here’s How to Prepare
- Is Your State Ready for Recession? The Best- and Worst-Prepared for the Storm
- 4 Crucial Financial Lessons From the Great Recession
- Unusual Indicator Says We Could Be Heading for Recession
- How the Great Recession Changed Our Habits
- 15 Cities Where Home Prices Are Still Below Their Pre-Great Recession Peak
- 14 Markets Where Home Prices Could Plummet by 30%
How to build an investment portfolio designed to survive a recession
One of the best things you can do, according to our guest, is to use a bucket strategy for your portfolio. We’ve got an article on how you can use the bucket strategy in retirement to smooth your finances. You can also read an article written by Miranda about the bucket strategy—something she talks about using for her son’s 529 plan portfolio.
- We’ve got a past episode on how to prepare for the next recession or market crash.
- Do you think a recession is coming? Here are five things you can do before the next recession hits.
- We have another article with ways to reposition your finances and portfolio for a recession.
- Worried about your retirement? Check out our tips for recession-proofing your retirement.
- A recession isn’t just about playing defense. Check out our slideshow on how you can actually profit from a recession.
- Check out a past podcast episode on how to make money during a recession—including through investing.
Meet this week’s guest, David Alison, CFP
Dave Alison, CFP, EA, BPC, is an accomplished financial planner and entrepreneur with a passion for helping advisers take their business and planning capabilities to the next level.
As president and founding partner of C2P Enterprises, Dave has been responsible for bringing together the leadership team and driving the enterprise toward a collective vision of simplifying financial planning for 1 billion people worldwide.
In addition, Dave is on the leadership team of C2P Enterprises’ Clarity Insurance Marketing, a fiduciary-friendly insurance marketing organization; Valor Capital Management, a registered investment advisor (RIA) operating as a turnkey asset management program and a fund strategist; Prosperity Capital Advisors, a nationally branded corporate RIA bringing valuable resources and capabilities to independent investment advisor representatives; and Clarity 2 Prosperity, a financial training, coaching and IP development organization.
Dave’s ability to engineer advanced financial, tax, investment, insurance and estate planning needs into one holistic plan also led him to found Alison Wealth Management, which serves clients virtually across the U.S. Dave is also a member of the Financial Planning Association.
Dave and his wife, Alana, live just outside of Charleston, South Carolina; they are the proud parents to three beautiful daughters.
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If you haven’t listened to our podcast yet, give it a try, then subscribe. You’ll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He’s a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She’s been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.