Published on: 01/15/2020

A Financial Realist’s Guide to Preparing For The Next Economic Downturn

Amid one of the longest economic expansions in recent American history, FPA member and CERTIFIED FINANCIAL PLANNER™ professional Scott A. Bishop can’t help but be pragmatic. While Bishop and his clients at Avidian Wealth Management in Houston, Texas, are enjoying the fruits of the current expansion, including steadily climbing equity markets and a robust job market, he’s been around long enough to sense the inevitability of the next economic downturn, which is why he recently penned a new article for his firm’s blog. It’s called “The Recession Survival Guide,” and it speaks to the growing possibility that sometime in the not-too-distant future — it could be months, it could be years — the current cycle will give way to the next recession.

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