Beware of These Scary Financial Situations

Getting caught in some difficult financial situations can be very frightening. Are you prepared to deal with the following financial ghosts?

Scary Situation #1: You lose your job.

Unfortunately, as the end of the year approaches, many companies start to adjust their workforce. This can mean unexpected layoffs and job elimination. Don’t get caught by the economic boogey man. You can put him back in the grave by saving at least 6 months worth of living expenses. Make sure you are saving this in a safe and liquid account. The last thing you want to do when a job loss occurs is to go into debt to make ends meet or have to sell off long term investments when the market is down.

Scary Situation #2: The unexpected happens.

Death or disability happen when we least expect it. Losing a loved one or spouse can be especially traumatic. Research shows that within five years of a spouse’s death, 40% of widows fall into poverty due to lost pension, Social Security or other income. But death is not the only thing that can be catastrophic to your financial world. Becoming disabled can also lead to a loss in income and security. A staggering 31 million Americans experience a disabling injury each year. What protection do you have in place to replace this sudden lose of income? Is it enough to support your wants and dreams for the long term? Are you protecting those blue dollars in addition to protecting the green dollars? Obtaining proper protection is the first step towards ensuring your financial future. Don’t make the mistake of not handling this for yourself and your family.

Scary Situation #3: You get to retirement and it’s not going as planned.

It can be frightening to get ready to retire and realize you are dead broke. Many people end up having to find other means to support themselves just when they should be enjoying their golden years...simply because they didn’t properly save. With escalating healthcare costs, improvements in medicine and time on your hands, you will need to have adequate resources to secure your retirement income for the long haul. No one wants to be a burden to their family or have to look for ways to cut back all because they procrastinated and didn’t take the time to plan ahead. In order to make sure you don’t have to face this frightening situation take action now.

We can help you scare off these financial monsters. Talk to your Leap Professional….