S3-2: Bear Market, the British Pound & A Deep Dive on Estate and Will Planning

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It feels like I start every week off this way lately, but last week was a newsworthy one for financial markets in many ways. All major US stock indices – the Dow, S&P 500, and the Nasdaq – are all firmly in bear market territory. Market volatility continues to remain high, and last week was exacerbated by a plunge in the British Pound, reflecting investors’ concerns around the new Prime Minister’s fiscal policy plans. And the PCE Price Index for August, the Fed’s preferred measure of inflation released last Friday, showed little sign of inflation alleviating. I will dive into details on all of the above, before sharing this week’s deep dive with Crista Hermance of Hermance Law and Estate Planning Mom to talk about a will vs. estate planning, or how to protect your assets and minor children when you are no longer here. Read on for more or listen to it all on this week’s episode of Finance Explained.

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About Meghan

Meghan spent nearly a decade as a Financial Analyst, before spending the last 7+ as a SAHM to three little ones. She shares simple money tips for moms to help your family reach your financial goals by building a financial plan you can LIVE with! You can learn more about her background in finance, catch her daily on Instagram and Facebook, and her weekly live discussions in her community for Family Finance Moms.


  1. Jacki on October 6, 2022 at 9:25 am

    I appreciate the estate planning info. I actually just finished the process of updating my will )my kids are now in their late 20s), updated my PoA, Healthcare directives and established revocable trust. It was very comforting to hear my experience be do hand-in-hand with Christa explanation of what to expect, cost, etc. – The necessity of this recently hit home when the 60 year old mother of my daughter’s boyfriend, passed suddenly. She and her husband had no will, or health plan, and she had handled most of the financial jobs in the relationship and was responsible for supervising her stepmother who lived nearby. The husband is feeling very overwhelmed by all that is needed to be done.
    Thank you again for providing relevant information on important topics.

    • Meghan on October 6, 2022 at 1:54 pm

      Thank you for sharing! Sadly, that is so often the story for so many – and we don’t think about or want to think about things like this until it is too late.

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