Unexpected things happen all the time in life. Sickness, major home repairs, other unforeseen circumstances—any of these can be costly if not prepared for properly. The purpose of an emergency reserve is to improve financial security by creating a safety net that can be used to meet this kind of unanticipated expense. In this episode, get ready to dive deep into this topic and learn what there is to know about emergency reserves.
- Learn more about Pearl Planning.
- Read blog 5 Questions to Ask When Stocks Are Down.
- Retired or near retirement? Listen to our podcast from 2020 on conversations for retirees in a bear market.
- Watch the REPLAY of Financial Wellness in a Bear Market.
- Read blog How to Do a Backdoor Roth IRA Contribution.
Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.
Melissa Joy, CFP®, CDFA® is President and Wealth Advisor at Pearl Planning. Reach out for a call today at 734.274.6744.