Grapple with challenging circumstances

Your financial goals span years, and in some cases, decades.

You might get married and have kids, or establish your career and move up the corporate ladder, along with other happy milestones.

But life doesn’t always go according to plan. You’ll need to lean on your financial plan more than ever during trying circumstances.

Here are some articles that can help you prepare for the unexpected.

Plan for special-needs adult children “Every parent wants financial stability and independence for their children, but when you’re the parent of an adult child with special needs, that goal is even more important.” Read more.

Should you commute your pension?

“In many pension plans, you have the option to ‘commute your pension.’ This means taking some or all of your built up funds in a lump sum. There are a variety of things to consider with this option.” Read more.

Plan for natural disaster

“If the increasing rate of natural catastrophes has you on edge, you’re not alone. And no, it’s not just hype from event-hungry media. It’s a real change and a dramatic reminder to make sure you prepare by updating insurance policies to ensure they’re thorough.” Read more.

Companies must protect key people

“Consider the situation of a recent client, a successful private software firm wholly owned by a married couple. Although the owners are the prime drivers of the business, they rely heavily on their chief analyst for software development.” Read more.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.