Are you prepared for the next market downturn? In this episode, Dave and Nick discuss the importance of financial "lifeboat drills"-preparing for rough waters before they happen. They break down key strategies like diversification, rebalancing, maintaining cash reserves, and making smart moves like Roth conversions and tax-loss harvesting.
👉 Key Takeaways:
✔️ Why market corrections are inevitable and how to prepare
✔️ The importance of a well-diversified portfolio
✔️ How regular rebalancing keeps your risk in check
✔️ Why having cash reserves can ease financial stress
✔️ How to use market downturns to your advantage
💡 Need help preparing your financial lifeboat?
Schedule a no-pressure fit meeting with SRB Advisors to see if we're the right financial partner for you! Visit srbadvisors.com or email us at info@srbadvisors.com.
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🌐 Website: srbadvisors.com
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🎙️ Podcast: Kitchen Table Finance
#FinancialPlanning #Investing #MarketCorrections #WealthManagement #SRBAdvisors #RetirementPlanning