11 Strategies to Navigate Uncertain Times
Channel: National Best
Date: 2020-10-06

11 Strategies to Navigate Uncertain Times

There is no question we are living in interesting times. With so much political and economic uncertainty, now is the time to prepare financially for both the best and the worst. Here are 11 strategies to navigate the uncertain times ahead, so that we are ready for anything. 

Read the full article: https://www.linkedin.com/pulse/11-strategies-navigate-uncertain-times-maria-lizak

1 Re-Evaluate Your Priorities in Life 
2 Set Up a Strategy to Deal with the Unpredictability of the Public Markets 
3 Diversify into Private Markets*
4 Guarantee Your Retirement Income Levels**
5 Ensure You Have Access to the Equity in Your Home*** 
6 Review and Top Up Your Life Insurance
7 Set Up a Permanent Insurance Policy with Guaranteed Cash Values 
8 Insure Against a Critical Illness
9 Review Your Income and Expenses
10 Stay Healthy and Connected with the People You Care Most About
11 Learn Self-Sufficiency and Survival Skills

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Plan. Proceed. Prosper. TM

Maria Lizak, Ph.D. is co-founder and an Executive Business Director with National Best Financial Network, a network of independent insurance advisors and financial services professionals working collaboratively to empower advisors and their clients to succeed. She is also a registered Dealing Representative with Pinnacle Wealth Brokers, one of Canada’s largest Exempt Market Dealerships.

Maria's personal area of expertise is working with nearly-retired and retired Canadians who are looking for investments that provide them with income and / or profit-sharing opportunities. Through National Best, Maria can offer investments that provide a guaranteed retirement income, death benefit guarantees and estate planning benefits. Through Pinnacle Wealth Brokers, Maria can introduce her clients to well-researched private investment opportunities that target cash flow on a monthly or quarterly basis, independent of what is happening in the public markets. 

NOTE: The information presented here is for discussion purposes only. Neither the information presented in this article, nor any opinion expressed, constitutes a solicitation for the purchase or sale of any specific security or financial service.  Any legal, tax or financial matters should be discussed with the appropriate professional. Advice specific to a particular person’s situation can only be given after a proper suitability and needs analysis has been conducted with a licensed professional. Pinnacle Wealth Brokers as an Exempt Market Dealer does not have any oversight over financial planning, advice or insurance services mentioned within this article.  
* Exempt Market investments are sold through my Exempt Market Dealer, Pinnacle Wealth Brokers. Your investment objectives, time horizons and risk tolerance / capacity are likely to be different from those of the CPPIB, so be sure to consult a registered dealing representative with an Exempt Market Dealer to find out if private market investments are suitable for your specific situation. Exempt Market Products are not guaranteed or insured and are offered on a private placement basis, pursuant to exemptions from prospectus and registration requirements under applicable securities legislation. Please read the Offering Memorandum before investing. An investor may lose all their initial investment.
** Segregated Fund, Guaranteed Retirement Income and Annuity contracts are sold through my Insurance Brokerage, National Best Financial Network (www.nationalbest.ca).
Although Segregated Funds offer certain guarantees, they also contain some inherent risks and costs. Commissions and trailing commissions may be associated with the sale of these contracts. This article does not recommend the use of these products without due diligence and the advice of a qualified life insurance professional. 
*** This is borrowing so that you do not have to withdraw as much money from your investment accounts to cover your expenses. If you borrow money on your HELOC, your responsibility to pay interest on the loan remains the same regardless of whether the value of your investments goes up or down. You should only consider borrowing to supplement your expenses if you are comfortable with taking on debt to do so. You should not borrow money from your HELOC if you have a low risk tolerance. If you used your home as security for the loan, and cannot make the payments, you may lose your home. Even if your investments go up in value, you may still not make enough money to cover the costs of borrowing. Reverse Mortgages and HELOCs are set up via referrals to licensed mortgage brokers. 
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