Words seem to fail when attempting to describe the horrors of war currently faced by the people of Ukraine.  Since last Thursday, millions of innocent Ukrainians have been displaced and hundreds killed following Russia's invasion of an Eastern European democracy.  

Indeed, world leaders have since responded by providing Ukraine with financial and military support while imposing heavy economic and financial sanctions on Russian President Vladimir Putin and his cronies.  Today, much of the world looks on with bated breath, hoping for a quick and triumphant victory for the Ukrainian people.

How and when this war ends remains largely unknown.  It could end tomorrow or persist for weeks to come.  Indeed, we're hopeful that delegates from Ukraine and Russia can find a way to end this war diplomatically.  Even so, as we pointed out in last week's note, a seismic shift in the geopolitical status quo could lead to economic spillover effects that likely will impact US households for months or even years to come.  

So, this leaves many asking, what do these developments mean for my finances, and is there anything I should do right now to protect my wealth?  Well, here are six points you may want to consider when it comes to guarding your money during periods of uncertainty:

#1 Expedite big-ticket purchases
#2 Revisit your lifestyle spending and savings plan
#3 Top up your emergency savings fund
#4 Adjust your expectations for employer bonus or equity awards
#5 Avoid timing the markets 
#6 Rebalance international risk exposure

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