Life is full of surprises. We all know that, especially for MilFams. However, according to a recent report from the Federal Reserve Board, nearly 40 percent of all Americans would be unable to cover an unexpected $400 expense. Not surprisingly, it gets worse the more expensive the problem. A study done by Bankrate found that nearly 60 percent of Americans — well over half of the country — don’t have the means to cover an unexpected expense of up to $1,000.
So even though we all know to expect the unexpected, most of us aren’t prepared for the inevitable surprises life loves to throw at us. If you haven’t asked yourself this question, yet, it’s about time you do: Could you handle an unexpected life event? If not, don’t worry. There are ways to turn things around and get prepared quicker than you might expect.
Readiness starts with preparation. Sudden emergencies or an untimely death could wreak havoc on your family and finances, especially if you’re unprepared. Having a plan of action is the first step towards preparedness. Knowing what you and your miltary family will do when faced with an emergency will go a long way in keeping everyone, and everything, safe.
But how do you make that plan? And what exactly should be in it? For more insight, join AAFMAA Wealth Management & Trust Relationship Manager Tony Oliver for a free, LIVE webinar. You’ll learn how to manage big financial risks — such as death and incapacity — with insurance, smart financial planning, and other useful tips.
This free webinar premieres on October 10, 2019. Space is limited. So register now to reserve your spot in either the 9am or 3pm session.
To watch previous free AAFMAA webinars covering important Military Family topics, such as preparing for deployment, mortgage points, social security secrets, and much more, head over to the AAFMAA Learning Hub. You can watch all of the webinars on-demand anytime.
Information provided by AAFMAA Wealth Management & Trust LLC is not intended to be tax or legal advice. Nothing contained in this communication should be interpreted as such. We encourage you to seek guidance from your tax or legal advisor. Past performance does not guarantee future results.
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