Written By: Anna Carlson, Financial Advisor

It’s no secret that entering into retirement can be a tricky situation. However, for those that are in the process of retiring now, a new set of challenges have emerged as we face the possibility of a global economic meltdown. At Carlson Financial, our team of advisors are ready to help walk you through this unnerving territory. 

United Nations Secretary, General Antonio Guterres, recently spoke during the 2023 World Economic Forum, addressing the fact that the global economic outlook is pretty grim. “Our world is plagued by a perfect storm on a number of fronts. Start with the short-term: the global economic crisis. The outlook, as we all know, is bleak. Many parts of the world face recession. And the entire world faces a slowdown.” He laid out a proposal from the U.N. that emphasizes a “global stimulus” to address economic woes. You can read more from the World Economic Forum here. 

Whether it’s uncertainty about rising costs putting the squeeze on your bank account, looming tax increases, or the threat of a global economic crisis … there could always be another financial storm brewing on the horizon. We can’t prevent these financial storms from popping up, but we can put strategies in place to navigate around them. 

No one likes the idea of going through a recession, but the reality is, the economy cycles and sometimes recessions happen. When the economy is struggling, it can put a lot of pressure on you and your finances. Are you prepared for the worst-case scenario?

Say What?

Travelers have been plagued by canceled flights and missing luggage in recent months. But an Oregon woman whose suitcase was lost during a United Airlines flight home from Chicago was recently reunited with her bag … after it was missing for four years. While April Gavin was flying home from Chicago in August of 2018, her luggage was somehow rerouted to Central America. It arrived in Houston on a flight from Honduras in January 2023. 

This week in history

1924 – First Winter Olympics were held in the French Alps. 

1935 – Canned beer goes on sale for the first time. 

1959 – Disney releases the animated film “Sleeping Beauty.” 

1984 – Apple’s iconic “1984” commercial aired during the Super Bowl. Known as one of the most powerful and effective commercials of all time, it features a young woman throwing a sledgehammer through a screen. 

If you have any questions, we’d love to chat! Call us at 844-CARLSON (844-227-5766) today!