Having an arbitrary amount of money on hand is not a smart way to plan for emergencies. Always stick with a safe money goal that is relevant to you and your situation.
New Focus on Wealth with Chad Burton
English - April 11, 2019 01:00 - 37 minutes - 8.83 MB - ★★★★ - 60 ratingsInvesting Business News estate financial investing planning retirement wealth certified financialadvisor financialplanner fitness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Whether you’re on your own or supporting a family, it’s a good idea to have at least 6 months of emergency reserves around. For people who change jobs frequently I would recommend you increase this amount to a year’s worth of income. So how do you know how much safe money you really need and how does this amount change as you approach retirement? Other topics include:
How incorporating saves on FICA taxes, but limits your ability to save for retirement Are Roth IRA’s useful if you’re over the 15% tax bracket? Self directed 401k vs. SEP IRA –which is a better way to defer taxes
Email your money question to [email protected] , or call the show at 1-800-516-1220 on Tuesday's and Wednesday's from 6:00-7:00 a.m. (PDT)
Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.