How To Regain Your Footing After Financial Hardship
Avoid Sudden Changes Both Hohler and Smith agree that the most important first step is to take a breath and resist the urge to make significant changes. Assessing where you are once on more solid ground emotionally is likely to be far more helpful. Unless there are deadlines involved, Smith advises, wait until you have a clearer perspective. “Renaming beneficiaries, changing your will, or updating insurance policies may require more immediate attention,” Smith adds, suggesting that hiring a financial professional to assist with these and more complicated matters will provide peace of mind....