With even the most comprehensive financial planning, there is no way to avoid unforeseen circumstances. When you encounter unexpected expenses, you often must be flexible and act promptly. It can be difficult to adapt without veering off course.

Being prepared to handle an unexpected expense can help you stay on track despite experiencing upheaval and uncertainty.

This checklist covers the key issues to consider when you must fund an unexpected expense. It addresses:

• Payment strategies

• Funding sources

• Tax consequences

• Impact on your overall financial plan

Click HERE for the What Issues Should I Consider When Funding an Unexpected Expense? checklist. This checklist references a flowchart that can be found HERE. 

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this content, will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for you or your portfolio. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter (article) serves as the receipt of, or as a substitute for, personalized investment advice from Allos Investment Advisors®, LLC.

The content of this letter does not constitute a tax or legal opinion. Always consult with a competent professional service provider for advice on tax or legal matters specific to your situation. To the extent that a reader has any questions regarding the applicability of any specific issue discussed in this content, he/she is encouraged to consult with the professional advisor of his/her choosing.

Published for the blog on November 9, 2022 by Allos Investment Advisors®, LLC.