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22 Ways to Protect Your Retirement From a Possible Recession

May 5, 2020 · Retirement Life

Put Major Purchases on Hold for a While

Your main goal should be saving money, not spending them. Therefore, if you have planned any major purchases, it’s best that you put them on hold for a while.

“If you had been thinking about a vacation or new car, hit pause and ask if that still makes sense right now,” said Amy Diesen, vice president of retirement plans at Ameriprise Financial.

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