3 ways my financial planning advice has changed during COVID-19 - Business Insider

, and other service providers to request deferments on payments and/or waivers of late payment fees/penalties in the wake of COVID-19.

Lastly, and slightly more controversially, I told my clients on the lower-income spectrum to utilize liquidity on credit lines to stock up on cash. We made sure that clients clearly understood what was covered and what wasn't . We also identified the applicable deductibles, co-pay percentage amounts, and max out-of-pocket amounts required in the event the client or loved one were hospitalized due to COVID-19.

Namely, were the applicable advanced directives, durable power of attorney forms, living wills, and medical proxies identified via documentation? Is there a will? Are there "Payable Upon Death" or "Transfer Upon Death" instructions in place for the bank and brokerage accounts, respectively? Do all life, disability, and retirement accounts have theHaving the proper plans in place will not only help the families deal with affairs while one is incapacitated, but also ensure...

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook's bad week, inside The Athletic, and Red Bull's reckoning - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I thought he had enough money to get a decent haircut Don't give up Mark!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Orum House, the Bel Air mansion shaped like a propeller: photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Prefer the house of Bill Gates at Seattle: a mix of human warm in natural paradise with all possible Tech inside. Elegancy and classy are not an invention, are ancient education in ancient dna🤩👏👏👏👏👏👏👏👏👏👏👏❤️
Source: BusinessInsider - 🏆 729. / 51 Read more »

Investors are looking to tech and renewable energy during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »