Financial End of Year Review – Changes in Health

    Published: 06-16-2009
    Views: 3,677
    Financial Advisor Ric Edelman discusses the importance of conducting a year-end personal financial review including how changes in health can affect your finances.

    Ric Edelman: This week I'm showing you why you need to complete a year-end review of your investments, including, any major life changes that includes your health. A sudden change in health can impact your investment needs in many ways if you've developed a serious illness or a disability, you might not be able to work and that means you might be struggling to get by without a paycheck. But your investments can help. It's possible to draw an income from your investments to tide you over. To do this you will want to adjust your asset allocation. There are many ways an illness can impact your portfolio, the thing to do that's important is to think about how it impacts your investments and then adjust to fit your new circumstances.