{"id":649,"date":"2020-11-30T05:00:21","date_gmt":"2020-11-30T05:00:21","guid":{"rendered":"https:\/\/normandygroup.com\/?p=649"},"modified":"2020-12-11T20:31:56","modified_gmt":"2020-12-11T20:31:56","slug":"should-the-pandemic-affect-your-financial-planning","status":"publish","type":"post","link":"https:\/\/normandygroup.com\/financial-planning\/should-the-pandemic-affect-your-financial-planning\/","title":{"rendered":"Should the Pandemic Affect Your Financial Planning?"},"content":{"rendered":"

The COVID-19 pandemic that began in March shows no sign of stopping. Everyone is hopeful that there will be a vaccine soon, but as of this writing caseloads across the country continue to rise. The pandemic has affected the lives of everyone in Lakewood, CO, and surrounding areas, with curtailed or shutdown businesses, closed schools, and more.\u00a0<\/span><\/p>\n

But should it affect your <\/span><\/i>financial planning<\/i><\/a><\/strong>?<\/span><\/i><\/p>\n

The Pandemic Underscores the Importance of a Financial Plan<\/span><\/h3>\n

Yes. In fact, the pandemic underscores how important it is to <\/span>have <\/span><\/i>a financial plan. It\u2019s important as never before to know where your money is, what your accounts are doing, and what your financial position is, both short and long term.<\/span><\/p>\n

Let\u2019s discuss ways to get your financial life balanced. Contact The Normandy Group today!<\/i><\/b><\/a><\/h2>\n

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It also underscores the dynamics of financial plans. The fact is, financial plans can change over time, and often do. One primary reason is that financial plans are inextricably linked to goals — and your goals will likely change as the years go by.<\/span><\/p>\n

But goals are hardly the only factors that change. Your financial position is likely to change over the decades as well, as will your personal life. It\u2019s always important to have a plan — but that doesn\u2019t mean a rigid set of dictates. It means periodically reviewing the elements of a comprehensive financial plan with trusted financial advisors such as a CERTIFIED FINANCIAL PLANNER\u2122 Professional and\/or a Certified Estate Planner\u2122.<\/span><\/p>\n

Most comprehensive financial plans typically include the following elements:<\/span><\/p>\n