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Even though the economic outlook is looking grim right now, it's never too soon to ensure that your finances are well-equipped to weather any storm. Here are seven tips to help recession proof your finances, as recommended by experts.

RMD deferrals aren't retroactive

The $2 trillion federal coronavirus-aid package includes a number of provisions to ease the financial burden retirees and savers. Here are answers to some questions about required minimum distribution deferrals.

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If you really want to be prepared for coronavirus, experts say you need a fully executed power of attorney, which designates a trusted person to take over your finances should you become incapacitated.