How to shield your money from a recession

Many people feel helpless with their finances when a recession is amongst us, but there are ways to protect our money. You can guard against the worst effects of recession, though, if you follow a few important steps.

Consider these five strategies from the article "Five ways to shield your money from recession": Build up some cash. Avoid the temptation of high-yield securities, such as junk bonds. Look for bargains in the stock market that pay solid dividends. If you're nearing retirement or are semi-retired, prepare for the possibility of losing your job. And if you're really worried, spend some of your retirement money on a financial planner.

Taking money out of a retirement account isn't our number one choice, but it times like these some of these steps could be crucial for protecting our money.