Tip #1 – Build up at least three months’ worth of emergency cash
When you have unexpected expenses, like those associated with a job loss or a major house repair, an emergency fund can help fill the gap so you don’t have to turn to credit cards or withdraw from a retirement account. Holding three months’ worth of expenses in an emergency fund at the bank is a good start. You should increase this fund over time as your income and living expenses grow. (more…)
New Year’s resolutions – they’re the annual ritual of racking your brain to come up with the perfect, attainable goal that will make you a better person. They also represent the annual cycle of contemplation, excitement, early success and often, failure.
Over the years I’ve struggled to come up with a “good” resolution – one that I’ll stick with after the early part of January when I’m tired of the overcrowded gym and avoiding desserts. Like most people, I have given up on almost every New Year’s resolution that I made, until this year. (more…)
I started playing sports as soon as I could walk. The companionship, competitiveness and fun all lit a fire in me. That fire sports gave me has now turned into a passion for truly understanding exercise, health, and the relationship between them. I’ve been a lifelong student of learning how working out and eating right can affect performance, motivation and productivity. Not just in sports, but in my life in general. Another blessing was the fact that I had parents who attended every single game I played in. I got to witness firsthand the joy that putting family first can bring. However, I also witnessed how difficult it is to balance family, careers, goals and money without proper guidance. This is what led me to becoming a financial advisor – to help people achieve that balance and enable them to focus on what’s important to them, like family. (more…)
If you are like most of us, you likely visit your doctor’s office at least a couple of times a year. But when was the last time you had a check-up for your 401(k)?
It would not surprise me if you said, “not in quite a while”. But getting a financial check-up for your 401(k) account is extremely important, especially given the heightened economic issues and market turbulence over these last few years.
One of the many benefits of being a Merriman client is that we have the tools to help you align your 401(k) investments once a year. All you have to do is provide us with the mutual fund choices within your 401(k).