Gone are the days of growth at any cost with nonsensical valuations. The disability benefit under the plan is $1,000/month.

The graphs show the US unemployment rate and the price of whole milk between 2006 and 2012. My CPA said he charges $3,800 for a thorough audit, so I told him to go jump in a lake. . This is the most obvious step to take, and it's one that you've surely seen in every other financial-preparedness article you've read so far. Sure, you should stick it in the bank account that will deliver the best yield; just don't go buying high-yield stocks because you can't get a 3% interest rate from your bank. In all, the S&P 500 lost almost 60% of its value from October 2007 to March 2009. As unemployment rates rise, average prices fall.

We saw a similar trend in the recession of the early 2000s, when the jobless rate peaked more than a year and a half after the end of the recession. In the two most recent recessions, the stock market lost more than 30% of its value from the peak to the bottom. Stock Advisor launched in February of 2002. Time to let that go and think about it this way: Would you only buy a life preserver that also functions as a tuxedo jacket? You will reduce your monthly expenses, meaning you won't have to set aside as much money for emergency savings. With your perfect plans now in the wastebasket, take a step back and with fresh eyes look for gaps in the market and adapt to a new approach that may not have previously been in the cards. To the contrary, the chart above demonstrates why you should own stocks, but only with a long-term time horizon. Stocks, on the other hand, are more speculative in nature, with people varying greatly in what they may think a particular business is worth. Assume the Student and Employee classes each extend the Person class. The purpose of emergency savings is to be there in an emergency, not to get sexy returns.

If you are going to need to access some of your investments starting in the next few years, you should invest those resources in high-quality bonds.

On a technical basis, the economy returned to growth in the second half of 2009, and the unemployment rate peaked four months later. But once you put it into action, it should help you minimize the harm from a recession, bounce back quickly, and even grow your wealth.

b.) This was during a time when Steve Jobs had returned to Apple and launched the iconic iPod. Check all that apply. Trying to invest better? Causes and effects cannot be easily defined. Yet at the same time, the risk of permanent financial harm -- millions of baby boomers will never be able to fully retire because of the Great Recession -- is simply too great to do nothing. c.)Mortgages become unavailable. Which best describes how a recession develops as demand and production decrease? If this is the case, you are not going to be the only one with a difficult time making a sale. Which indicators do economists use to determine the state of the economy? But as you get closer to retirement (or paying for a kid's college or some other financial goal), you should gradually increase your allocation of bonds. The first and most obvious is that it gives you the chance to take advantage of an even more deeply discounted stock market and enjoy bigger long-term gains when things inevitably improve. It's not a good idea to reserve all of your buying for market crashes. The job losses from the Great Recession are a powerful example of how long individual struggles following a recession can last.

According... "A chain store sells certain outdoor sporting equipment for an average of $15.99 per item across all of its stores. b.) What should you do if the market falls more than 30%? Which statements best describe how governments respond to changes in the business cycle? During a recession, what is one way governments try to encourage growth?