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What Issues Should I Consider When Funding An Unexpected Expense?

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

With proper positioning and communication, you can help guide clients through the financial aspects of life’s inevitable surprises. Being prepared to handle an unexpected expense will help clients stay on track despite experiencing upheaval and uncertainty.

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

  • Payment strategies
  • Funding sources
  • Tax consequences
  • Impact on overall financial plan

Click here for a client-facing email template.

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Should I Take My Pension As A Lump Sum?
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What Issues Should I Consider When Starting Out Financially?
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What Issues Should I Consider When Reviewing Cash Flow?
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— Roger Whitney, CFP®️, CIMA®️, CPWA®️
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