No one wants to experience a major life crisis such as job loss, divorce, death of a spouse or serious illness or disability, but the reality is that most of us will. According to a recent survey by AARP Financial, nearly 60% of Americans age 40 to 79 already have– and in vast majority of cases, the event had a significant impact on their finances.
And no wonder. Life crises stir up emotions and can leave many of us feeling vulnerable, distracted and confused. Financial decisions are tough enough. Add a whirlwind of emotions and additional caretaking responsibilities and it’s potentially overwhelming.
What if you suddenly had a life crisis? Would you survive financially? Would you know what to do? For tips on where to turn for financial guidance during a life crisis, visit this article from AARP The Magazine.
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