COVID-19 and The Impact on Your Financial Plan with Guidance Point Advisors Investment Consultants

EP 016: In this episode of Retirement Success in Maine Podcast, our Guidance Point Advisors team is sheltering in place due to the COVID-19 virus. We thought it would be interesting to have a roundtable with the team around the health crisis - how is it impacting financial markets? How is it impacting retirements and retirement plans? What lessons have we learned from previous bear markets that we're applying today? What are some inspiring stories we've heard from our clients on how they are being resilient in these difficult times?

Chapters

Welcome! [0:25]

Introduction & Geography of the Guidance Point Advisors Team & Our Favorite Ice Cream [1:07]

When a client calls you up and asks, "what's going on in the stock markets?" What do you tell them? [4:10]

What lessons have you learned from previous bear markets that you've applied to this one? [12:03]

What are some inspiring stories you've heard from your clients on how they are being resilient in these difficult times? [18:56]

What has been the biggest disruption in each of our geographies? How has life changed so far? What changes do you think will "stick" after this health crisis is over? [29:15]

Has the health scare changed any of our outlooks on retirement, retirees, and pre-retirees? Will their attitudes and behaviors change? If so, how? [37:20]

Conclusion with Ben, Abby, and Curtis [45:17]