Get Free, Expert Financial Advice During These Uncertain Times
Financial advisors across multiple professional organizations are offering free consultations to help people navigate economic challenges during these uncertain times. These trusted organizations include the Financial Planning Association, XY Planning Network, National Association of Personal Financial Advisors, Association for Financial Counseling & Planning Education, and the National Foundation for Credit Counseling.
According to an April survey by the National Endowment for Financial Education, 90% of U.S. adults reported financial stress due to the pandemic. With widespread unemployment, market volatility, and constantly changing financial regulations, getting expert advice is crucial.
Recent legislative changes have affected various aspects of personal finance:
- Modified tax laws
- Temporary bans on certain foreclosures and evictions
- Easier access to retirement funds
- New unemployment rules
- Federal student loan payment pauses
- Various lender accommodation programs
Getting proper guidance is essential to avoid costly mistakes. For example, withdrawing from retirement accounts under the CARES Act requires specific procedures and eligibility criteria. Without proper guidance, people might face unnecessary penalties and taxes.
What Free Financial Consultations Include:
- Virtual meetings via phone or video conference
- Budgeting assistance
- Unemployment benefits guidance
- Debt management strategies
- CARES Act relief optimization
- Small business support (through CFPs)
- Creditor negotiation assistance (through credit counselors)
Important Considerations:
- You don't need to be in financial crisis to seek consultation
- Look for advisors who are fiduciaries (legally bound to put your interests first)
- Different lenders offer varying relief options
- Prepare for future financial challenges
- Establish solid spending plans
These free services help ensure you make informed decisions about your finances during these challenging times, whether you're facing immediate difficulties or planning for future stability.