Moving on from a financial loss - Solutions For Financial Planning*
Running into money trouble is a lot less scary if you know how to recover from it.
Financial security allows people to focus on achieving their dreams to build a fulfilling life. Without it, feelings can turn towards anxiety and despair, especially if the insecurity stems from a serious financial loss.
The loss of income or a large sum of money can happen quickly and without warning. Losing a job, suffering from illness or failing health or going through a divorce are life changes that can devastate your finances. But even a regrettable investment decision can lead to a sizeable financial setback. Depending on how you respond, however, such a loss can be temporary – and perhaps a valuable learning experience.
Read the full article*
* This article opens in a new window directing you to Manulife's Solutions for Financial Planning Magazine.
© 2020 Manulife. The persons and situations depicted are fictional and their resemblance to anyone living or dead is purely coincidental. This media is for information purposes only and is not intended to provide specific financial, tax, legal, accounting or other advice and should not be relied upon in that regard. Many of the issues discussed will vary by province. Individuals should seek the advice of professionals to ensure that any action taken with respect to this information is appropriate to their specific situation. E & O E. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Any amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value.