The R-word looms large in the headlines these days. If you’re feeling a little anxious about your finances, well, we don’t blame you. That’s why we sat down with wealth advisor Ed Butowsky. He’s the author of the new best-seller “Wealth Mismanagement: A Wall Street Insider On the Dirty Secrets of Financial Advisers and How to Protect Your Portfolio,” and he gets candid about the Federal Reserve’s recent rate cut, how to stay calm in the face of a potential market swings, and what the heck an inverted yield curve is, anyway. He also gives us his suggestions for tried and true stock sectors that can weather any storm.
In Mailbag, Jean and Kathryn talk through tips on reducing your credit card debt in the face of competing priorities — like student loans and your mortgage. And in this week’s Thrive, Jean breaks down the concept of “traditional retirement” vs. “phased retirement,” in other words, how you can pull out of the workforce slowly.