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A financial planner's 3 money tips for clients during the pandemic - Business Insider

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If you're young and doing well financially, this CFP wants you to be prepared to take advantage of stocks 'on sale'

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Millennials know the potential financial repercussions of the COVID-19 pandemic aren't once-in-a-generation — we've been through this before, during the Great Recession. As a financial planner, I'm advising my young, high-earning clients to prepare now for another market sell-off by maxing out their retirement accounts, taking advantage of Employee Stock Purchase Plans, and keeping their credit scores high to refinance debt while interest rates are low.The current COVID-19 pandemic is widely considered to be a once-in-a-generation occurrence that almost no one could have predicted.

 

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