Life Events that Endanger Wealth

Keith R. Fevurly

Chapter Chapter 14 in Plan Your Financial Future, 2013, pp 181-198 from Springer

Abstract: Abstract As you go through life, you sometimes experience events that endanger or threaten the amount of wealth that you have accumulated. We have already discussed the importance of obtaining an individual disability income policy in the event of physical disability, and we will discuss how to plan for your own possible mental incapacity later in this chapter. Specifically, however, we identify important planning considerations with respect to six potentially financially devastating life events, including divorce, the loss of a job for an extended period of time, the death of a spouse or life partner, a parent incurring a debilitating condition, caring for a developmentally disabled child, and physical or mental incapacity.

Keywords: Child Support; Life Insurance; Disable Child; Unemployment Benefit; Social Security Benefit (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-6065-3_14

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DOI: 10.1007/978-1-4302-6065-3_14

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