Planning for Catastrophe

McCarthy, Edward
April 1998
Journal of Financial Planning;Apr98, Vol. 11 Issue 2, p60
Academic Journal
The article examines the approach used by several financial planners in the U.S. to help their clients plan life's unpleasant events. Recognition of the risks to a client's net worth is a critical step, however, it is not a solution. The technical facets of evaluating insurance policies does not guarantee that the client will take the necessary actions. The state of economy is possibly reflected in the outlooks of clients. Also, clients are aware of the inevitability of death, but that fact does not minimize the shock of learning about unexpected death. Russ Ketron of the Protected Investors of America has already witnessed the reactions of several clients upon learning that they an incurable illness. One key element to financial planning that clients often overlooked is the availability of an emergency fund.


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