How To Build Your Emergency Fund

When you’re retired and no longer getting wages, an emergency fund can be incredibly important to you. That set-aside money can help you cover unusual non-recurring types of expenses, which tend to pop up whether we like it or not (one of my clients recently told she needed $10,000 to get her teeth fixed—$10,000!)

How much money should you have in an emergency fund? There are a couple of answers to that question.

It’s Time to Change Your Password

Every time we turn around, there’s a new security breach in the news. Under Armour recently announced that the information of 150 million My Fitness Pal users was compromised. In 2017, phishers sent fake Google docs to more than one billion users, 143 million people were affected by the Equifax breach, and more than 3 billion Yahoo accounts were hacked.

It’s hard to completely protect yourself from hackers, but you can help make sure your passwords are as strong as possible by following some of these tips:

  • Change your passwords frequently.

Leaving Money to Your Heirs and Charity: Who Should Get What Account?

A client came to me with an interesting question: She has both an IRA account and a non-IRA account.  She wants to leave money to her heirs and to charity. Who should get which account?

In order to make that decision, it’s good to understand how taxes apply to different types of accounts. IRAs and 401(k)s and some other types of accounts are tax deductible going in. They grow without being taxed, which helps you to grow your money.

Gold: Is It an Inflation Hedge?

“Inflation is heating up. Buy gold!” Most of have heard that pronouncement. Is it true? I don’t think so.

We believe inflation is one of the biggest threats to your financial wellbeing. A quick inflation primer: inflation occurs when good and services become so expensive that money becomes less valuable. When Germany experienced hyperinflation after World War I, it literally took a wheelbarrow full of money to purchase a loaf of bread.

Racing to the South Pole

In 1911, two teams—one Norwegian, one British—raced to be the first to reach the South Pole. It’s not only a fascinating true story, but also one that illustrates our philosophy of managing money for our Money Matters clients.

 

The Norwegian team was helmed by Roald Amundsen, who was an extremely worried guy. He worried about everything: What if there’s a storm? What if we get lost? What if we run out of money or food?

WHAT’S ON YOUR MIND?

If it’s important to you, than it’s important to us.
That’s the way it should be among friends.


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TAKE THE FIRST STEPS ON THE PATH TO YOUR FINANCIAL PEACE OF MIND.