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What is a Recession and Are We Headed Toward One?
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Tyler Hafford and Hannah Tackett of Penobscot Financial Advisors break down the real meaning of a recession—how it’s defined, how it feels, and what the current economic data is signaling in 2025. The episode offers historical context and practical insight, from reflections on COVID’s sharp downturn to today’s tariff-fueled uncertainty. It delivers a calm, clear-eyed strategy for navigating potential economic storms. Tyler and Hannah offer tactical advice like building emergency savings, managing high-interest debt, and staying diversified. They also focus on retirement readiness, encouraging pre-retirees to stress-test their income plans and insulate part of their portfolios from market volatility. Whether you’re anxious about market headlines or nearing retirement, this episode gives you actionable tools to build resilience and stay financially grounded.
YOU’LL LEARN:
– Understanding Recessions: Definitions, triggers, and why they’re a normal part of the business cycle.
– Recession Readiness: Practical financial steps to take before and during an economic slowdown.
– Market Resilience: Why downturns vary in shape and speed, and how strategic planning helps weather them.
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