If history is a guide, we can expect to experience periods when capital markets suffer serious declines and/or the economy slips into a recession. These can be anxiety-producing developments for investors. Your portfolio may be negatively affected, and you may question whether you need to consider a different financial strategy.

This is one reason why having a well-thought-out financial plan is so important. It’s designed to reflect the financial goals you ultimately want to achieve and guide you through your financial life. It’s also designed to help you stay on track during turbulent times for the economy and markets.

While it’s essential to maintain a proper perspective during these periods, Jeff Powell and Dominic Colletti provide insight you can take to help you prepare for those unsettled times that may occur in the future.