Preparing for the Unexpected

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Preparing for the Unexpected


What Do You Want to Be When You Grow Up?

February 02, 2020

Cristina Briboneria, CFP®, AWMA®, ADPA®

Vice President, Private CFO®

As I write this, I am nearly in tears. Full disclosure, I want you to know that I was a true Lakers and Kobe Bryant fan. For me, growing up in Los Angeles and being a basketball player, I looked up to Kobe as a hero for his entire career. Yes, he disappointed me and his other fans many times during his career, but it was his determination, fire to win, and strive to reach his goals, which made me and the rest of Los Angeles always love him. Kobe Bryant’s death is a shock to his fans, family, colleagues. Over the last several days I have had the chance to speak with my friends, family, colleagues, and clients about how Kobe’s death impacted them, the one phrase that keeps coming up is that “it puts everything into perspective”.

As a Certified Financial Planner® my main priority is helping our clients get to their goals. On a daily basis, we figure out how to get our clients to save, budget, reduce taxes, get to retirement, set up their businesses, get their kids to college, but most importantly we figure out how to protect their families in the event of a tragedy. So, I’m sharing a few things that you should do to help protect you and your family in the event of death or disability:

  1. Make sure you get your Wills, Trusts, and powers of attorneys updated.
  2. Review all of your life insurance policies. Ask yourself and your family the following questions:
    1. What goals do you want covered in the event of your death?
    2. Do you currently have enough coverage?
    3. Could you be saving money on your current coverage?
    4. Do you even have the right type of coverage?
  3. Review your disability coverage through work.
    1. Most companies offer between 50-60% of your salary should you become disabled, is that enough for you and your loved ones to live on if you could not work?
  4. If you own a business, do you have a buy-sell agreement in place?
  5. Take inventory of your assets, property, account numbers, logins and passwords so that people know how to access them.
  6. Make sure that your friends and family know who to contact in the event of an emergency.

Personally, I have not been immune to tragedy in my own life, both my parents passed away when I was 11 and 17, mother (age 44) because of breast cancer, and father (age 56) because of a heart attack. Nothing can prevent our families from grieving in the event of a tragedy or untimely death or disability, but the above are just a few small things that can help guide them a little bit easier.


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About the author

a woman smiling for the camera

Cristina Briboneria

Vice President, Private CFO®

Cristina Briboneria, CFP®, ADPA®, AWMA®, Vice President, Private CFO®.

Cristina is originally from Los Angeles, California but has lived in Houston, TX, Cleveland, Ohio, and now resides in Atlanta, Ga. Cristina graduated from Oberlin College with degrees in Mathematics and History. She earned her Certified Financial Planner(TM) designation from Oglethorpe University.Cristina has also been recognized in Atlanta Magazine as one of Atlanta's Five Star Wealth Managers.

Cristina joined Ameriprise Financial in 2005 and was one of the Top 10 Advisors in her peergroup at the end of her first year. She was rewarded the Mercury Award, Centurion Award, and First Year Top Achiever Award for high achievement. She quickly moved into leadership positions as an Advisor Coach and District Manager in 2006. As a District Manager she earned the Circle of Success award when she lead her team to Top Five in the country throughout the entire company.

Since joining oXYGen, Cristina has built a successful practice of over 175 clients having awide range of demographic from business owners, corporate executives and employees, teachers, clergy, and non-profit organizations. She wanted to help build a company that was tailored specifically towards Gen X & Y."These generations have been overlooked and will be a driving force in our future economy. They will be a force to be reckoned with--many of of my clients are purpose driven individuals wanting to make a difference in their places of business but also wanting the knowledge of how to be financially responsible and successful."

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.
Background and qualification information is available at FINRA's BrokerCheck website.

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