emergency fund

Sometimes it’s best to start with the basic steps when planning for retirement. Are you contributing enough to your 401(k) to get your company’s full employee match? Have you paid off any high-interest-rate debt you may be carrying? Eliminating a monthly credit card or auto loan with a high-interest payment may enable you to save more money than you think. Do you have an “emergency fund” of extra money? This is important, as with this money set aside, you won’t have to dip into your retirement savings if you need cash in a hurry. Once you’ve handled debts and created an emergency fund, you can then figure out the goal of how much you need saved. Give us a call, we can help you understand how to make a budget. And, we can discuss products that could potentially provide you with an income in retirement you can’t outlive. We’re always here to help.

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