Happy October! Now if we can just bring on the actual fall-like weather, that would be nice.
The Wealth Report this month focuses on how natural disasters can affect financial markets. With severe storms and weather causing massive amounts of damage in recent years, the impact this may have on markets and economies has become a concern for many. Overall, if you have a well-rounded financial plan, then extreme weather events should not do much to throw off your budget and day-to-day spending. However, if you're relying too heavily on investments and aren't properly diversified across product classes and industries, then you could get into a sticky situation if you're forced to liquidate during the periods of time surrounding a natural disaster.
The concept of being well diversified and having a proper retirement income plan doesn't just come into play when we're talking about natural disasters. Market volatility has become the new norm and it's important to be sure that you're set up to succeed in retirement regardless of what may be causing hiccups in the market at any given time. Are you confident that your retirement plan can weather any "storms" that may come your way?
there is anything we can assist you with, then just let us know.
And, as always, remember -
The purpose of the money dictates where you put it.