How COVID-19 is impacting our business and your financial strategy


COVID-19 and what it means
for our business and for our clients.

The health and safety of our clients, guests and our Howard Bailey family is our top priority. Below are resources that we have published to help you understand your financial strategy as it relates to Coronavirus, as well as immediate steps that we have taken to ensure the safety of our office visitors, event attendees and our employees.


Meeting with your Advisor

The health and safety of our clients, guests and our Howard Bailey family is our top priority. We wanted to share some immediate steps that we have taken to ensure the safety of our office visitors, event attendees and our employees, plus answers to general questions about your financial strategy as it relates to Coronavirus.

In-office Appointments
If you have an in-office appointment, we are taking the following precautions to ensure the safety of both our guests and our employees:


  • If you are feeling sick, currently have or recently have had a fever, cough or shortness of breath, we ask that you move to a phone or online appointment, or reschedule your in-person appointment.
  • We are currently meeting with clients by appointment only.
  • Once you arrive for your in-office appointment, please call (866) 482-9559 to notify us of your arrival. This ensures that we have sanitized the meeting room before your appointment.
  • We will let you know when your room is ready, and you may then enter the building.
  • Upon entry, please sanitize your hands at the station in the entryway between the two glass doors.
  • A member of our First Impressions team will temperature screen all visitors with a no-contact thermometer.
  • Wearing a mask is recommended. We have masks available upon request.
  • Our waiting area, refreshment station and other common areas are currently closed. We will escort you directly to your meeting room.
  • All meeting rooms have hand sanitizer available for use. Guests are welcome to use our restrooms to wash with soap and water.

General Safety Measures

  • It is standard that all conference room surfaces are cleaned in between client meetings. We have increased the frequency of disinfecting surfaces in common areas, including our lobby, waiting room, conference rooms and restrooms. Common areas like the waiting area and refreshment station are currently closed. Additionally, our office is professionally cleaned twice per week.
  • We have encouraged our team to stay home if they are feeling under the weather, and to refrain from shaking hands. If a team member appears to be ill, they will be sent home.
  • We have postponed large client events until June.
  • Should you feel the need to cancel your in-office appointment due to illness, or you opt-out of an in-office visit due to concerns about the Coronavirus, please note that we offer meetings via phone and online meetings. Our team is here to help you through this easy process so that your needs and questions are addressed.

We understand that you have many questions about how the Coronavirus is impacting the markets and your financial strategies. If you have any questions or concerns about your strategy, please do not hesitate to contact us for an in-office meeting, phone meeting or virtual meeting. As your financial partner, Howard Bailey is here to help you through this challenging time.

We value you as a client and look forward to working with you in the future.

Podcasts, Webinars and More


Retire with Purpose Podcast Episode #118:
Bonus episode on coronavirus, market volatility, and bear market strategies.

Retire with Purpose Podcast Episode #117:
Coronavirus and Your Retirement with Behavioral Finance Expert and Psychologist Dr. Daniel Crosby.

Retire with Purpose Podcast Series
Breakdown of our Retire with Purpose Framework, with one episode dedicated to each of the 6 steps:


Webinar - Coronavirus: Will it Infect Your Retirement?
Join Casey Weade for a complimentary webinar all about the Coronavirus and its impact on your retirement. LEARN MORE

Online Video

ABC 57 Interview
Casey Weade talks about COVID-19 and its financial impact. WATCH


COVID-19 Tax Legislation
Bruce Willey, Owner and Founder of American Tax & Business Planning, goes into details of tax implications due to the new COVID-19 legislation for small businesses.

Frequently Asked Questions about your financial strategy

I’m nervous about the stock market and the current news about the Coronavirus. What should I do?
Contact your advisor to discuss your concerns, as this is a great time to reassess your strategy. Here are some questions to ask yourself:

  • Will my lifestyle be impacted in a meaningful way if stocks begin to fall?
  • Did I build my portfolio with the understanding that stocks can and will fall on occasion?
  • Do I need to use the money invested in stocks for spending purposes in the next 3-5 years?

Are there other tools that I should consider to help protect my assets?
A properly structured income plan has a foundation for consistent reliable income. This is where annuities, defensive stocks, bluechip dividend paying stocks, and REIT’s should be considered.

How is this market correction going to affect my current lifestyle?
Our Retire with Purpose Framework is designed so investments with the greatest risk are not needed for 10 years or more. If you need to use the money invested in stocks for spending purposes in the next 3-5 years, speak with your advisor as soon as possible so we can adjust your strategy.

How can I take advantage of the current volatility?
If you have a long-term time horizon or cash on the sidelines, this is a great time to be a buyer, depending on your current situation and risk tolerance. For younger individuals, now would also be a good time to consider increasing 401k contributions.

Is this 2008 all over again?
Unfortunately, we have no idea. It could be, or it might not be. At Howard Bailey, this is the exact reason that we created the Retire with Purpose Framework. We take a safety first approach and plan for the worst.W e want the families that we work with to feel confident in retirement regardless of market conditions.

The value of my investments has declined in the past few weeks due to Coronavirus. How do I make sure this never happens to me again?
It sounds as if you have been invested in a portfolio that leans too heavily in risk assets based on your actual tolerance. The best place to start would be to determine what your required rate of return actually is, and then determine how much risk is necessary to achieve a lifetime of financial security. We recorded a Retire with Purpose Podcast episode about this topic.

Do you have more questions about your financial strategy? Contact us at (866) 482-9559 to schedule an appointment with your advisor.