Since 2004, April has been officially recognized as Financial Literacy Month in the US. This is a great time to expand your financial knowledge and effectively apply it to your own financial well-being.

During this difficult time, our greatest concern is the health of our clients, employees, and their families. Everyone is also particularly worried how the economic fallout from COVID-19, the coronavirus pandemic, may impact their financial security.

Below is a list of our past blog posts and resources to help guide you on your journey to financial stability, especially during this period of uncertainty:

1. The CARES Act

   To ease the economic impact of COVID-19, Congress and President Trump have come to an agreement on a $2 trillion relief package. This legislation touches all areas of the economy, by providing direct assistance to individuals, small businesses, health care providers, and corporations. We have summarized some of the key details in the post below.

   Read: Highlights of the CARES Act

2. Investing

   February and March were an incredibly stressful time for investors. With the continually developing situation surrounding COVID-19, it is important to try to control what you can control. No one can control the spreading pandemic or what the market is going to do next, but that doesn’t mean there is nothing you can do to put your finances in the best position possible. Take a break from watching the market to consider these resources about staying the course with your investments.

   Read: How Near Sighted Investment Decisions Can Impact Your Future

   Read: How Investors Should Handle Market Selloffs

3. Estate Planning

   Preparing an estate plan is one of the most important steps you can take to protect yourself and your loved in the event of incapacitation or death. Having an effective, up-to-date plan is vital to achieving wealth transfer goals, minimizing estate taxes, decreasing the need for public court proceedings (e.g., probate), and avoiding difficult family situations.

   The recent outbreak has thrown some estate plans into disarray, especially concerning medical decisions and the visitation restrictions for those with COVID-19 and on life support. Make sure your wishes are followed by considering some of these estate planning resources.

   Download: Estate Planning Guidebook

   Read: Four Signs It's Time to Update Your Estate Plan

4. Budgeting and Saving for Retirement

   When it comes to retirement, the biggest question we all have is “am I financially prepared?”. Budgeting, or simply spending less than you make, is the first and most important step to saving for your retirement. By developing a personal, comprehensive financial plan – especially your spending plan – and monitoring that plan throughout retirement, you’ll be on the right path to enjoying your retired years. Consider these resources for tips and suggestions towards a secure retirement.

   Read: 5 Tips for Saving Money and Paying Off Debt in 2020

5. Life Insurance

   COVID-19 has motivated some people to re-think their decision about purchasing life insurance coverage. In order to properly utilize this powerful tool, it is important to understand the methods for determining how much insurance is appropriate. Each person’s situation is unique, and it must be approached with an individual’s goals and objectives in mind. Read our blog post to help you determine how much protection you may need.

   Read: 3 Ways to Determine How Much Life Insurance You Need

It’s important to grow your financial knowledge, especially at a time of economic volatility. To stay up to date on our latest insights, planning tips, and guidelines, be sure to subscribe to our Financial Planning Blog.

Consult with an attorney or a tax or financial advisor regarding your specific legal, tax, estate planning, or financial situation. The information in this paper is not intended as legal or tax advice