Common Covid Questions
Sabby, a self-employed IT contractor in the airline industry, met with me recently to discuss his questions and concerns around the Covid-19 pandemic.
Sabby, like many everyday Kiwi's, owns a property and has one or two extra in order to plan for retirement.
With what's happening now and no income likely for 1-3 years, he's concerned he may need to sell his crown jewel (an investment property) at a bad time, to reduce his debt.
After our meeting Sabby agreed to be mic'd up for your benefit so you can hopefully see how an everyday person has made some difficult decisions in light of this pandemic. Everyone has a unique situation and the strategy we've landed on for Sabby may not be right for you. What I'm hoping you do get out of this though, is an insight into how having a calm and rational discussion with your partner (ideally aided by an adviser), can help you land on the best decision in light of uncertain times.
For more background on common Covid questions, please read the following article around this.
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Where to find Darcy Ungaro:
Ungaro &Co (authorised) financial advisers
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