At least 60 CFPs from XY Planning Network are joining member and advisor Kevin Mahoney in offering free emergency financial advice to federal employees affected by the partial government shutdown, according to the organization. Mahoney, founder and CEO of Washington, D.C.-based financial planning firm Illumint, announced he would be helping furloughed workers, free of charge.
“The shutdown is a good reminder of why financial planning is about so much more than just investments,” said Mahoney, in a statement. “In a situation like this, a financial advisor can help an impacted worker evaluate the challenging trade-offs that come with financial decisions during income uncertainty.”
Ultimately the shutdown may end up sharing characteristics with natural disasters–there's the initial shock of the event, but digging out can take just as long or longer.
Last week, many federal employees missed their first "real" paycheck, said XYPN member Patrick Ortman, who counts federal employees among his clientele at Annapolis, Md.-based Ortman Financial Planning. "I am hearing stories of all the things not getting done in federal offices that will take far more work to fix once the government reopens," he said. "There will start to be real pressure put on lawmakers as this drags on."
"It's a real mess," he added.
Financial advisors who are lending a hand "understand the importance of weekly and monthly cash flow planning, and the full impact that a missed paycheck can have for those who don’t yet have a vast emergency fund or accumulated assets to rely upon," said XYPN co-founder Michael Kitces.
Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.
So browse through a category and make your preferred selection and come back here to read more choice articles and get a few more helpful tips on ways to help your enhancement.
As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, Awin network, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”
We use anonymous cookies and various 3rd-party services to optimise and to offer you a better, more personalised, browsing experience with advanced accessibility enhancements.
Dismiss
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
