No one can predict when a crisis will occur, however ensuring you have a plan in place now to be financially prepared will provide peace of mind.
“I am taking precautions.” “I am low risk.”
“I didn’t think it would happen to me.”
Whether a health crisis or a natural disaster, these are often the sentiments expressed by people who are suddenly affected by an emergency. A health crisis like COVID-19 or weather disasters—like wildfires and earthquakes in the West, floods and tornadoes in the Midwest, paralyzing snow and bitter cold from winter storms in the Northeast, and hurricanes in the South—can all be devasting but you can take action now to minimize the financial impact on you and your family.
So, what should you do to be ready?
Knowing you are financially prepared for a health crisis or a natural disaster can help ease the burden of recovering from one when it does happen. Talk to your advisor about how we can help you organize your financial records and prepare for emergencies so that you feel confident in handling any potential emergencies that you or your loved ones may experience.
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