Andrew Shilling

Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.

“People are just saying, ‘Why should I pay for an active manager when most of them lose to the benchmark anyway?’ This is a big deal,” an expert says.

For starters, they can use the windfall to pay off debt, shore up their HSAs and build a cash reserve.

“I do believe that clients sometimes get too caught up in expense ratios,” an expert says.

“This market environment is a very good one for investors to do a self-awareness check,” an expert says.

Cash-strapped taxpayers may consider waiting until the new deadline to pay or to request a payment plan to buy more time to settle their tax bill.

“Ideally, you would like clients to try not to make really short-term decisions, however this is an unprecedented situation,” an expert says.

The funds are also some of the lowest-duration products in the market.

A revocable living trust is one way to reduce their estate taxes, however the law requires clients to sign the document in the presence of the notary.

“Recent further Fed action from COVID-19 seems to put another layer on a near-40-year bond bull market,” an expert says.