Federal Reserve interest rate cut discussion prompts retirement risks warning, suggesting proactive financial planning.

As the Federal Reserve considers interest rate cuts, experts warn that a recession could threaten retirement plans, especially for near-retirees. To mitigate risks, individuals should create contingency plans, reassess investment portfolios based on age and risk tolerance, maintain a cash buffer, and consider delaying Social Security claims and investing in annuities for guaranteed income. Proactive financial planning is crucial for navigating potential economic downturns.