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Ohio Enlisting FAs to Help with Opioid Crisis

Ohio has launched Recovery Within Reach, a campaign designed to help financial advisors and the public combat the opioid crisis, which killed more than 68,000 people in the U.S. in 2020. So reports Barron’s.

OpioidsThe campaign’s goal is to help families identify opioid abuse and addiction and find treatment options. The program also seeks to make sure FAs have the tools they need to help families access treatment and pay for it.
Often, families impacted by opioid addiction may be too embarrassed to bring up the topic to FAs. When and if FAs become aware of the issue, frequently clients have already made poor financial decisions.

The program says FAs can be a “first line of defense” by helping connect families with treatment and understanding the best financial path for funding it. They can also help identify those with opioid addiction by telltale behaviors, such as suddenly withdrawing large sums of cash from retirement accounts and other portfolios.

Read the full article from Barron’s.

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