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Tom Meaglia, ChFC®, AEP®,


Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507


Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750


Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120




November/December 2022

Navigating a Recession

Business challenge. A businessman navigating through a maze. Top view

Rising inflation and slow economic growth that lasts for several months are earmarks of a recession. Don’t panic. Instead, consult your financial professional for guidance, and consider these ideas to help get you started on creating a recession-proof financial strategy.

Shore Up Your Emergency Fund
Your goal should be to save at least three-to-six months’ worth of living expenses in a liquid account that you can easily access. Having money in an emergency fund can help prevent you from having to charge unanticipated expenses to a high-interest credit card or sell investments to cover living expenses when values are down.

Pay Off Debt
Being in debt means that a portion of your paycheck is not yours to spend or save. That money goes to pay for things you’ve previously purchased with credit. Eliminating debt gives you freedom to live within your budget, and hopefully, save more for your future.

Reduce Expenses
Review your budget to see where you can adjust. Cutting back on discretionary spending can help improve your financial outlook. Think about giving up premium television channels, unnecessary online apps and some costly leisure activities, at least temporarily. You might be surprised at how little you miss those extras.

Boost Your Income
Doing contract work in your field of expertise can bring in extra cash. Ask contacts if they know of businesses that are looking for freelancers. If you’ve ever thought about turning an enjoyable hobby into a business, now may be a good time to investigate that option. Side jobs, such as house painting or dog sitting, can also bring in additional income. Keep in mind that other tax rules apply if you’re self-employed, so talk to your tax advisor first.

Stay Invested
When the economy is in turmoil, your first inclination may be to get out of the securities markets. But selling investments when prices are down only locks in your losses and prevents you from reaping the benefits when values start to rise.

A bear market presents a unique buying opportunity, so consider using any extra cash to add investments to your portfolio at bargain prices.


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
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