💰 Ways to Regain Your Financial Footing After a Natural Disaster (AARP Article)

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FROM THE ARTICLE: Tax breaks, federal aid and savvy asset allocation can help you recover.

By Martha C. White, AARP.

Published January 31, 2025.

Hurricanes, wildfires and other catastrophes can be both emotionally and financially devastating. While the risk is not new, the frequency and intensity of the extreme weather events that often trigger natural disasters are on the rise, according to the United Nations’ Intergovernmental Panel on Climate Change.

Disasters are enormously disruptive for both short- and long-term financial stability, particularly for people on fixed incomes. Those at or near retirement age, especially, may struggle to rebuild their nest eggs, since they have less time to rebuild savings through compounding returns.

USE LINK BELOW TO READ ARTICLE: https://www.aarp.org/money/personal-finance/financial-recovery-natural-disaster.html