The best time to decide how you will respond to a downturn is before it happens. Here is the playbook we write with clients.
Every retirement and wealth plan we build includes a downturn playbook — decisions made calmly, in writing, before they are needed.
Cash reserves do the talking
Knowing your next two to three years of spending is already set aside changes how a headline feels.
Downturns create work
Rebalancing, tax-loss harvesting and Roth conversions are all more valuable when prices are low. A plan turns fear into a to-do list.
The cost of leaving
Missing even a handful of the market's best days — which often arrive in the worst weeks — has historically been the most expensive decision an investor can make.
This article is for educational purposes only and is not tax, legal or investment advice. Speak with a licensed professional about your own situation.
