Pandemic Planning

In times like these, it’s more critical than ever to focus on your Financial Blueprint. Do you have a plan in place that helps you navigate through worst-case scenario times? In this video, Greg Powell & Jason Hatley talk about the planning strategy that Fi Plan Partners has in place for panic situations.

Even though we can’t control the market, we can control how we react to it. There are also things within your plan that you can control to help you stay calm and navigate through these times such as:

o Inventory of your short and long-term goals such as college funding, weddings, major purchases and retirement
o Budgeting, saving and spending habits
o Debt payoff strategies
o Risk planning and protection strategies such as obtaining adequate life, disability, and property-casualty insurance
o Estate and tax planning
o Impactful decisions and strategies – pension options, social security strategies, health insurance/Medicare decisions, Roth conversions, etc.
o Employee benefit selection and maximization

Volatile markets can also present planning opportunities such as the following:

o Tax-loss harvesting
o Income variability – Roth conversions, donor-advised funds, etc.
o Low-interest rate environments for refinancing and purchasing opportunities

When the news is coming at you and there’s a lot of uncertainty, having a plan in place can help you put the panic on hold. Having a plan in place can help you look at the overall picture with your dreams and goals in mind, with confidence. Give us the opportunity to build Your Financial House® and to have communication with you as we navigate through these times.

Watch the video for more details on this topic. 

 

Greg Powell, CIMA®
President and CEO
Wealth Consultant
Email Greg Powell here

Jason Hatley, CPA
Vice President
Financial Planning Manager
Email Jason Hatley here

 

 

Fi Plan Partners is an independent investment firm in Birmingham, AL, serving clients across the nation through financial planning, wealth management and business consulting. Fi Plan Partners creates strategies in the best interest of their clients using both fee based investing and transactional investing.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

Economic forecasts set forth in this presentation may not develop as predicted.

No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.

Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.

#451 Health and Wealth – Stay Safe #450 Keep the Questions Coming