Apr 30, 2020
This week, I’m talking about some of the best and most unique financial planning opportunities available during this coronavirus crisis. There are several tried-and-true opportunities that present themselves in nearly every crisis and market downturn, but there are also several that are unique to this current crisis.
One thing about a global pandemic is that it gets us to think about our own mortality and what would happen if we or a loved one became sick, hospitalized, or died during this time.
Rather than fretting and wasting time worrying about things we can’t control, a renewed focus on your own health and mortality is an excellent opportunity to revisit your health care directives. And while you’re at it you might consider updating your estate plan as well. Most of us have woefully outdated wills, or worse nothing at all in place. And it’s a real possibility that your health care directives don’t even match with what you want your family to do if you are no longer able to make healthcare decisions for yourself.
So save you and your family the heartache and uncertainty down the road of not having up to date directives and estate plan documents, and get those in place now. If God-forbid you become sick or die from this virus, you’ll be glad you took action now.
That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.
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