Crisis Events with Severe Consequences

Free CFP Exam lesson in Psychology of Financial Planning. 17 min read, ~2,615 words.

Crisis response (ELP): lead with empathy, secure liquidity for near-term needs, then pause and defer every irreversible decision. Six-month rule: after a spouse's death, no selling the house, no changing investments, no irrevocable elections for at least six months. Sudden wealth: park funds safely for 60-90 days, reframe the windfall...