To Handle Hard Times, Plan for the Long Term

Wall Street Journal—Research published by Advisor Impact Inc. shows people who write a plan of how they will react when the going gets tough are likely to deal better with market upheaval, says Michael Finke, professor of personal financial planning at Texas Tech.

Want to be more prepared next time there is market turmoil and general panic sets in among investors? Try writing a financial plan.

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Research published by Advisor Impact Inc. shows people who write a plan of how they will react when the going gets tough are likely to deal better with market upheaval, says Michael Finke, professor of personal financial planning at Texas Tech.