Updated: Mar 31
This checklist covers many of the issues to consider during a recession or market correction.
It addresses some strategies particularly useful when the valuations of the markets are low (such as Roth conversions and gifting strategies) as well strategies to mitigate the negative impact (cash flow becoming tight).
This can help to pivot a conversation away from one of fear of the future to one where you and the client discuss strategies to take advantage of low valuations.
*- Cash Flow issues
*- Asset & Debt Issues
*- Tax Planning Issues
*- Long-Term Planning Issues