Pete the Planner talks about the virus, the impact on the economy and what to think about your portfolio

IBJ's personal finance columnist Peter Dunn is more worried about what the global pandemic will do to the economy than he is about what it will do (or has done) to the stock market. And he's most concerned about that economic impact on individuals and families—especially those who are vulnerable to layoffs. And so he talks with podcast host Mason King about what people can do to prepare for what he believes will soon be a recession. The goal, he said, is to "get lean." He also talks about the power of fear, why you shouldn't try to time the market, and why the stock market crash does, in fact, hurt those who are either about to retire or are newly retired. Click here to read Pete's latest column for IBJ and see all of his columns here . The IBJ Podcast is brought to you by the law firm Krieg DeVault .