The coronavirus pandemic shook the financial lives of many. The stock markets took major tumbles, and unemployment claims reached the 40 million mark. Which is creating a lot of uncertainty. Financial planning during tumultuous times is always challenging. Adding to it, the COVID-19 situation and the instability of the current economy. Trying to figure out what to do for your personal financial health is even harder. Luckily, financial advisors can help you navigate these seemingly treacherous waters. However, you do need to make sure you ask the right questions, ensuring you get the information you need. If you are scheduling a meeting, here are five questions you should ask your financial advisor now.
As the coronavirus pandemic fundamentally altered the daily lives of the masses, it quickly became clear that gig workers were especially vulnerable. Traditionally, they aren’t eligible for a variety of protections, including employer-sponsored health insurance or unemployment. While some rules were changed due to the unprecedented nature of the outbreak situation, it showcased that financial security could be challenging for gig workers. However, that doesn’t mean it’s impossible. Here’s a look at how even gig workers can have financial security.