Buena Vista, CO, June 11, 2010 --(PR.com
)-- People’s Financial Advisor (PFA) www.peoplesfinancialadvisor.com, a leading provider of online fiduciary financial planning services, today unveiled that its Financial Plan includes specific guidance to unemployed in limiting the economic damage of unemployment and in positioning themselves to regain employment.
Mr. Robert Schumann, Chief Advice Officer at People’s Financial Advisor explains:
“Today we are experiencing the highest unemployment since the Great Depression as the forces of creative destruction accelerate their work. From May 2008 to October 2009, technology destroyed a net 250,000 jobs per month faster than it created new ones. The Great Recession made the transition of the US from the Industrial Age into the new Age of Information & Communication.”
Mr. Schumann continues: “The unemployed should have a list of specific actions. Some actions should minimize the long term financial impact of her/his current unemployed situation, while other focus on regaining employment.”
With this in mind People’s Financial Advisor asks its clients to invest in themselves in order to regain employment. This includes understanding of the job market, identifying employment opportunity with high likelihood of survival, and attending classes to increase specific knowledge and skills.
Mr. David Ron, Co-Founder & CEO of People’s Financial Advisor said: “Many of our unemployed clients prepare and manage a 12 months budget, increase liquidity, apply for unemployment insurance, and roll over a qualified retirement plan (e.g., 401k) to IRA accounts.”
About People’s Financial Advisor
People’s Financial Advisor is a leading provider of fiduciary financial planning services. Designed to help Middle America gain financial independence and peace of mind, convenient online services are balanced with interactive advisor consultations. People’s Financial Advisor offers a robust portfolio of services based on a proven behavioral finance approach called the Cambridge Methodology. Services include a free online assessment, online financial planning development tools and advice dealing with all aspects of financial decisions, opportunities and options. For more information please visit www.peoplesfinancialadvisor.com.