expat to do list

Financial Planning Action Point #4 – Have a “What if” plan.

It is safe to assume that all major corporations (including your own) have a plan in place (or are at least working on a plan) just in case the Euro breaks up. While they may protest to the contrary, we can also assume that most governments also have a plan for such a scenario.

This doesn’t necessarily mean that a break-up will happen, it is simply prudent to have a “what if” plan in case it does.

What is your “what if” plan? This is particularly relevant if your assets (or liabilities) are primarily EUR denominated.

Many investors have already taken steps to diversify at least a portion of their Euro holdings into other currencies in order to reduce their exposure to a break-up. It is not too late for you to do the same.

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