In the News

Coping and Managing Stress During Periods of Transition

By Kathy Longo, CFP®, CAP®, CDFA

Monday, 06 November 2017

Coping and Managing Stress During Periods of Transition

It was Socrates who said, “The secret of change is to focus all of your energy, not on fighting the old, but on building the new”. As we advise our clients who are making their way through various life transitions, it is important to begin by acknowledging the mental and emotional toll of the transition period. We encourage clients to take time to honor their feelings without the added burden of also trying to decide what comes next. Time and emotional support help to provide perspective, creating the presence of mind to help choices become clearer and less narrow.

Preparing your Family and Finances for Natural and Man-Made Disasters

By Kathy Longo, CFP®, CAP®, CDFA

Tuesday, 31 October 2017

Preparing your Family and Finances for Natural and Man-Made Disasters

Disasters can strike with little notice. Some are the product of mother nature, such as Hurricanes Harvey, Irma, Jose and Maria, along with the horrible fires in California.  Others, like the recent Equifax breach, are man-made. While these disasters may seem to have little in common, what they share is the personal and financial devastation left in their wake. The hurricanes devastated many homes and lives. In Hurricane Harvey alone, early estimates indicate that 230,000 homes were damaged and almost 13,000 of them were destroyed. The physical damage inflicted by Harvey was enormous, but the emotional fallout for all those directly impacted is harder to quantify. Losing your home, possessions and peace-of-mind is an unfathomable experience. While homes can be repaired and rebuilt, items such as old family photos and heirlooms are priceless and irreplaceable. The Equifax breach impacted the personal data of over 4.6 million consumers, leaving those affected fearing fraud and identity theft. Dire concerns about the health of your financial future can produce much anxiety, which only adds to the stress of a recent disaster. Both disasters left millions feeling afraid and vulnerable. Although it is always difficult to minimize the burden of stress and increase feelings of confidence and security after a disaster, being proactive and putting an emergency readiness plan into place before one strikes is invaluable.

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