emergency funds

Assess your current finances and any emergency funds, and determine whether your debts are under control and manageable.

Martinak suggests shoring up emergency funds and diversifying investments across different asset classes to mitigate risk.

"Last year, there were emergency funds because of the flooding here in Massachusetts that never actually made it to the pockets of workers," Rosales said.

Emergency funds are available for film and TV industry workers who are experiencing significant financial hardship.

And the Metropolitan Opera in New York has withdrawn emergency funds from its endowment.