Here’s what you should be asking your financial advisor amid COVID-19 crisis

The growing unemployment rate and yesterday's budget announcement has left many people worried about their personal finances, as the past three months have been marked by salary cuts, retrenchments, and volatile markets for fearful investors. These uncertain times have left many seeking advice on how to secure their financial future amidst the ongoing crisis. To shed light on this critical issue, financial advisor Sheila Ann Robey, from Liberty, shared her insights on what individuals should be discussing with their financial advisors during these trying times. Throughout the interview, Robey emphasizes the importance of taking action and creating a customized financial plan to address each individual's unique circumstances. With many facing job losses and financial instability, she urges people to avoid sticking their heads in the sand and instead seek guidance to protect their wealth and investments. One of the key points Robey emphasizes is the need for proactive financial planning, especially in the face of sudden and drastic financial changes. She highlights that many individuals have seen significant reductions in their savings due to market volatility and job losses, urging them to be proactive in securing their financial future. Another critical aspect Robey addresses is the importance of reassessing one's financial goals and risk tolerance during these challenging times. With many people experiencing financial stress and uncertainty, she stresses the importance of revisiting financial priorities and making adjustments to one's investment strategy to weather the storm. Robey also emphasizes the importance of seeking professional advice and guidance from a financial advisor. By working with a trusted advisor, individuals can benefit from tailored financial solutions that align with their goals and risk appetite, ensuring a more secure financial future. In conclusion, Sheila Ann Robey highlights the importance of proactive financial planning and seeking professional advice during the current economic crisis. By taking action, reassessing financial goals, and seeking guidance from a financial advisor, individuals can navigate these challenging times and safeguard their financial well-being.