Coronavirus (COVID-19) Beat the uncertainty with tactical financial planning

The Covid-19 pandemic has brought the world to its knees. The world may never be the same. We simply don’t know what will happen next.

• We don’t know how long Covid-19 will last.
• We don’t know how long the recovery will be.
• We don’t know if our spending and saving habits will change, even when things normalize after Covid-19 crisis ends.

It’s a worldwide collective experience that has required us to pause, to take a step back, to recalibrate and rethink our way forward. We at AssuredGain want you to make informed, objective decisions with regard to Covid-19. This becomes more critical when you are in retirement because you cannot suddenly ‘re-make all your money.’ You simply don’t have the time like you did in your 30s or 40s to start again.  A trusted advisor can help you navigate in this tough situation and guide you to reach your dream goals.

It always makes sense to transparent with your financial advisor as you are with your lawyer or doctor. We have always encouraged our older clients entering retirement to pause. To take a sabbatical of sorts, and to use the time to do the introspective work and plan for their lives going forward. In fact, in most cases, we plan way in advance for the retirement years.

The planning starts with visualizing exactly what your life will look like in the coming years after Covid-19 crisis. We are in a big pause right now, and we may all need to do some new and different planning and visioning. We firmly believe that you have to start by planning for your life. In fact, we don’t believe that you can plan for your money if you do not plan for your life first and while some of us may have used this lock down opportunity to re-think many parts of our lives going forward, many people have been overcome with grief, anxiety and fear for the years to come.

And it is scary, it’s frightening to constantly worry about your spending plan, your work and how you will provide for your family and honor all your financial commitments. Apart from the financial concerns, we are deeply worried about our loved ones and their health. We miss spending time with them; we miss hugs, conversations and frivolous fun.

It’s a worldwide collective experience that has required us to pause, to take a step back, to recalibrate and rethink our way forward. We at AssuredGain want you to make informed, objective decisions. This becomes more critical when you are in retirement because you cannot suddenly ‘re-make all your money.’ You simply don’t have the time like you did in your 30s or 40s to start again.  A trusted advisor can help you navigate in this tough situation and guide you to reach your dream goals. It always makes sense to transparent with your financial advisor as you are with your lawyer or doctor.

We have always encouraged our older clients entering retirement to pause. To take a sabbatical of sorts, and to use the time to do the introspective work and plan for their lives going forward. In fact, in most cases, we plan way in advance for the retirement years. The planning starts with visualizing exactly what your life will look like in the coming years. We are in a big pause right now, and we may all need to do some new and different planning and visioning. We firmly believe that you have to start by planning for your life.

In fact, we don’t believe that you can plan for your money if you do not plan for your life first and while some of us may have used this lock-down opportunity to re-think many parts of our lives going forward, many people have been overcome with grief, anxiety and fear for the years to come. And it is scary, it’s frightening to constantly worry about your spending plan, your work and how you will provide for your family and honor all your financial commitments during this Covid-19 period. Apart from the financial concerns, we are deeply worried about our loved ones and their health. We miss spending time with them; we miss hugs, conversations and frivolous fun.

This is another time of change. We are in a transition. Nothing is ever constant, there is always change. And it’s a good time to relook at your money. A good place to start is to understand your relationship with money.

• Money fears are real:
• Do I have enough?
• Will I ever have enough?
• How much do I need?

But how can you answer these questions if you do not know what the money is for? Your money is meant to make your life possible, in a way that’s both fulfilling and meaningful.

Life Planning is not a simple exercise. It demands a deeply introspective journey. It forces you to look at your behavior, your thought patterns, your emotions, feelings, judgment and your values. It’s a reflective journey of the self and your place in the world around you. We believe that any retirement plan has both a life plan and a financial plan. A trusted advisor from AssuredGain can help you in this task. Call us and schedule a telephonic meeting at our cost. We are #1 in Chennai providing quality financial advisory service.

Ask an experienced financial planner chennai for guidance in determining how to manage your funds – and for exploring your options to generate reliable income. They can help you build a rock-solid strategy that lets you enjoy a predictable lifestyle for the long haul.

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