Sudden Wealth is one of the most common ways our Wealth Management team is introduced to new clients. Whether it be a business sale, an asset sale, inheritance, or something else sudden wealth is going to change your life. Changing social dynamics can be one of the consequences. Check out this article from BBC on Sudden Wealth and Loneliness.
Fear, uncertainty, volatility, panic—these emotions are nothing new to the world of investing. In fact, they seem to reappear on a fairly consistent basis. The outbreak of Covid-19 has brought them back with a vengeance, but wise investors know how to stay the course, keep their emotions in check, and take advantage of new opportunities.
Amidst the global COVID-19 pandemic, there’s no doubt about it - these are trying times for everyone physically, mentally and emotionally. Everyone reacts differently to stressful situations, but there are things we can all do to remain mentally strong. Below we’re offering eight tips to help anyone better manage their mental health while social distancing at home.
While staying alert and identifying potential scams is something we should always be doing, it is even more important at this moment in time. That's because, amidst the COVID-19 pandemic, scammers are eager to take advantage of the current state of fear and confusion - which is leaving many people isolated and vulnerable. To help you remain alert and aware, we’ve identified a few common scams that have arisen in response to the current pandemic.
To help prevent further spread of COVID-19, there’s a consensus that Americans need to stay home and adhere to social distancing practices. This is especially recommended if one feels sick or has a suspected or confirmed case of the virus. As directed by the Centers for Disease Control and Prevention (CDC), it’s important to self-quarantine and be mindful of personal hygiene, such as washing your hands and the like. Our health and the health of the nation is top of mind, but the question remains: will U.S. workers still get paid if they stay home?
Although there is a significant financial component to leaving a lasting legacy, it encompasses so much more than just money. No matter how old you are, it’s worth taking the time to consider the legacy you’d like to leave in each of the following areas.