Don't Panic! Don't Panic! Stay the Course Monday, June 27, 2022 0 Financial Planner Robert Sinnaeve, CFP®, provides sound advice in this tumultuous market! Read more
Elder Mediation Elder Mediation Legal Friday, June 24, 2022 0 Charity Burke, Executive Director of the Oakland Mediation Center, discusses issues involving the use of mediation for elder care and guardianships. Read more
Scary Scams Scary Scams Legal Thursday, June 16, 2022 0 Be careful where you click! We live in an age where more and more people are victims of scams. These happen online, by phone, and in person. Don't let this happen to you! Read more
Financial Exploitation of Seniors Financial Exploitation of Seniors Legal Thursday, June 16, 2022 0 Dr. Peter Lichtenberg, PhD, ABPP, FGSA discusses Financial Exploitation of Older Adults as well as the new Financial Exploitation Prevention Act. Read more
Laurie Blume / Wednesday, March 11, 2020 / Categories: Financial, Money Management Key Financial Tips - Don’t Panic! Remain Calm in Turbulent Times Here are a few financial tips for those of us who are Gracefully Greying adapted from the Financial Manager and AARP Magazine: Do not panic. Panic is the enemy. Diversification is your safety net. Make sure that your money is spread among different types of investments, such as U.S. stocks, foreign stocks, bonds and publicly traded real estate trusts. Investing in mutual funds is safer than buying individual stocks and bonds. It is hard to plan for economic calamity. Think twice before paying off your mortgage if it uses up a lot of cash. Do not panic and sell too early. This is how most people get hurt by market downturns. Panic is your biggest enemy. Do not be overconfident either. There are always down turns in the market. The four most dangerous words when the markets have been strong for a long time: “This time it’s different.” Another good read is Suze Orman's article 10 Steps to our Ultimate 'Retirement, published in AARP. Another important read is published by U.S. News & World Report, What the Coronavirus Means for Your Retirement Finances. Print 31844 Tags: Financial Financial Planning Related articles A Tale of Two Losses: Your Memory & Your Money Can't Pay Your Taxes? The Perils of Caregiving: Protecting Finances Choosing A Financial Advisor Daily Money Management Reverse Mortgages for Seniors The Cost of Long-Term Care Saving for the 3 Stages of Retirement Seniors and Reverse Mortgages Don't Panic!