Critical Financial Lessons from Hurricane Helene

Preparing for a hurricane and stress-testing your financial planning

Hurricane Helene is projected to become one of the most powerful storms in the Gulf of Mexico, with winds exceeding 100 mph expected to impact the eastern coastline. The storm surge – referring to how much the water level rises above normal – could reach up to 20 feet in some parts of Florida. The National Weather Service has issued a warning of an “unsurvivable” surge in Apalachee Bay.

Helene serves as a stark reminder of the importance of emergency preparedness. Just as individuals and communities prepare for hurricanes, it’s equally crucial to have a financial plan in place for life’s unexpected events. This analogy between hurricane preparedness and financial stress testing offers key insights into maintaining stability during crises.