On Tap

We’re all doing our best to take the social distancing guidelines to heart by changing the way we’re living right now, but let’s take a break from the seriousness of it all with a lighter discussion on separation. What would that look like if social distancing was applied to your financial planning?

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What Matters

We’re into the second month of the coronavirus health crisis and precautions are still be taken across the country to limit the virus. If you had a nickel for every time social distancing was mentioned, you wouldn’t need any help from a financial advisor because you’d have more than enough money to retire.

While we need to continue to heed the advice of the medical community and our leaders, it can be a bit overwhelming to hear the same news day in and day out. That’s why we wanted to have a lighter conversation as it deals with social distancing by applying the phrase to our financial planning.

Even in the midst of a turbulent economy, it’s important to continue to follow the steps you’ve put in place in your retirement plan. So this episode of Her Wealth Matters will look at four different examples of how two investment options or financial strategies need to keep their distance from each other. The whole idea is that these two items don’t go well together so let’s keep them separated at all times.

Take our first example: emergency fund and the stock market. It can be tempting to pull money out of your emergency fund and put it towards an investment, but as we’ve seen over the past two months, that can create a number of problems should the market crash. And first on that list is the loss of value.

That gives you an idea of what we’re discussing today and we’ll let J’Neanne provide a deeper explanation for each pairing as we move through the show.

The Plan

Listen to the full episode or click on the timestamps below to hear a specific segment.

0:40 – Some background on our topic today.

2:31 – First one: Your emergency fund and the stock market

5:38 – Second one: Life insurance and our investments.

7:42 – Third one: High turnover investment strategies and after-tax brokerage accounts

10:10 – Final one: Your emotions and your investment decisions.

Wealth Wisdom

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The Host

J’Neanne Theus – Contact – Call: (443) 718-6310