Financial Plans: Pandemic Era Rethink

COVID-19 has affected just about every aspect of our professional and personal lives, including the state of our finances.

Whether you or a loved one are among the more than 20 million Americans who lost their jobs in the spring of 2020 in the depths of the lockdowns, or one of the millions of Americans who saw their retirement portfolios plunge in the shortest bear market on record in February and March, (and if you stayed invested have benefitted from the markets rebound), or if you or a loved one are among the 20 million Americans who have been stricken by COVID your finances have been affected.

Financial services firm Morningstar has also been paying attention. In a recent article, “What the Coronavirus Means for the Future of Financial Planning,” its Director of Personal Finance, Christine Benz addressed the issue and we have asked her to enlighten us.

WEALTHTRACK # 1729 broadcast on January 15, 2021

More info:

Books mentioned in  the episode: https://wealthtrack.com/the-pandemic-era-requires-rethinking-financial-plans-says-personal-finance-guru-christine-benz/

30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances : https://amzn.to/3ig0cZE

Morningstar Guide to Mutual Funds: Five-Star Strategies for Success: https://amzn.to/3ifVVp8