Though the Fed doesn’t necessarily expect an economic recession will hit soon, that doesn’t mean one won’t. So, how then, do you plan for retirement while also being duly concerned about economic output? Increase Your Emergency FundIf you’re worried about a coming recession, beef up your emergency fund. In fact, this is a smart move even if you’re not worried about an economic downturn. “You may need to delay retirement or save more aggressively to weather the storm.”