Tactical tips from the Truist team

Tanya Battle, Wealth Advisor, Richmond, Virginia

Making sure my clients have their estate documents in order has always been a priority, and COVID-19 made it all the more crucial. In addition to staying in close touch with my clients during this time, my team and I have been busy helping them review their estate plans and speaking to their CPAs and attorneys. If you have your estate positioned right, it will help you through any unexpected crisis that may come along.

Amir Mossanen, Senior Wealth Advisor, Market President, Los Angeles, California

There is a tendency for people to come out of a year like 2020 and to say to themselves, “I never want to feel fear and stress like that again.” They want to hide away. But if you live in fear, you’ve given up. My best advice is to be optimistic about the future, because we are inventive, creative, and resilient. At the same time, we can prepare for the unexpected by doing things like maximizing liquidity and restructuring debt.

Kris Funkhouser, CFP®, CPWA®, Financial Advisor, Atlanta, Georgia

In 2020, many people made financial decisions based on short-term emotional reactions, without falling back on their long-term financial plans or life goals. My advice would be, stick to your North Star—your long-term goals—to guide you through these storms. Have a plan and lean on that framework when times are challenging. Short-term events end up being a blip on the radar when you focus on an expanded time horizon.