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Building an Emergency Fund

 

Building an Emergency Fund

Everyone should aim to have a cash reserve.

 

Provided by Exemplar Financial Network

 

bigstock--152564342 emergency fund small.jpgWe all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge – but with a little effort, that challenge can be met.

 

 

Imagine a 30-year-old couple with no real savings. Let’s call them Kurt and Diana. Together, they earn about $8,000 a month, but their household finances are being squeezed by education debt, rent, and the high cost of living in an affluent metro area. They have about $300 in the bank between them, and they just learned they have a baby on the way. Their need to save has never been greater. How can they do it?

Robo-Advisors vs. Human Advisors

 

Robo-Advisors vs. Human Advisors

 

If an investor chooses a non-human financial advisor, what price could they end up paying?

 

Provided by Exemplar Financial Network

 

bigstock--brain vs computer.jpgInvestors have a choice today that they did not have a decade ago. They can seek investing and retirement planning guidance from a human financial advisor or put their invested assets in the hands of a robo-advisor – a software program that maintains their portfolio.

 

Why would an investor want to leave all that decision making up to a computer? In this era of cybercrime and “flash crashes” on Wall Street, doesn’t that seem a little chancy?

America Saves Week (February 27-March 4, 2017)

 

America Saves Week

How much are you setting aside on behalf of your goals?

 

Provided by Exemplar Financial Network

 

bigstock-Basket-Egg-Investment-Portfoli-small.jpg“Set a goal, make a plan, and save automatically.” This is the motto of America Saves Week, which begins on February 27.

 

America Saves – a project of the American Savings Education Council – calls on Americans to do all three of those things to try and improve their finances. Each winter, it surveys Americans to see how well (or poorly) they are saving. The survey is in its tenth year, and perhaps some recent trends will be reversed in the 2017 edition.

10 Ways A Wealth Advisor Can Help

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People often view financial advice through a single lens, as investment advice. However, there’s a big difference between simply managing your investment portfolio (one aspect of your overall finances) and a holistic approach to coordinating your entire financial picture. Only a full-service, independent wealth advisor provides the critical planning services and advice you require across your financial life to create alignment between your various strategies. And that can make the difference between remaining on track and falling short of your financial objectives or timeline.

Managing Money Well as a Couple

 

Managing Money Well as a Couple

 

What are the keys in planning to grow wealthy together?

 

Provided by Exemplar Financial Network

 

bigstock-Young-Married-Couple-With-Many-163632509.jpgWhen you marry or simply share a household with someone, your financial life changes – and your approach to managing your money may change as well. To succeed as a couple, you may also have to succeed financially. The good news is that is usually not so difficult.

 

At some point, you will have to ask yourselves some money questions – questions that pertain not only to your shared finances, but also to your individual finances. Waiting too long to ask (or answer) those questions might carry an emotional price. In the 2016 TD Bank Love & Money survey of 1,902 consumers who said they were in relationships, 42% of the respondents who described themselves as “unhappy” cited their number one financial error as “waiting too long” to discuss money matters with their significant other.1

Saving $1 Million for Retirement

 

Saving $1 Million for Retirement

 

How can you plan to do it? What kind of financial commitment will it take?

 

Provided by Exemplar Financial Network

 

bigstock-Watering-can-and-money-tree-small.jpgHow many of us will retire with $1 million or more in savings? More of us ought to – in fact, more of us may need to, given inflation and the rising cost of health care.

 

Sadly, few pre-retirees have accumulated that much. A 2015 Government Accountability Office analysis found that the average American aged 55-64 had just $104,000 in retirement money. A 2016 GoBankingRates survey determined that only 13% of Americans had retirement savings of $300,000 or more.1,2

What Does Your Home Insurance Policy Cover?

 

What Does Your Home Insurance Policy Cover?

 

Take a moment to see if you are adequately protected.

 

Provided by Exemplar Financial Network

 

bigstock-Insurance-small.jpgNot all home insurance policies are alike. Coverage amounts obviously vary, and so do coverage areas. Taking ten minutes to scrutinize what your policy does (and does not) cover is a wise idea.

Should You Pay Off Your Mortgage Before You Retire?

 

Should You Pay Off Your Home Before You Retire?

Before you make any extra mortgage payments, consider some factors.

 

Provided by Exemplar Financial Network

 

bigstock-Paid-in-Full-words-on-checks-small.jpgShould you own your home free and clear before you retire? At first glance, the answer would seem to be “absolutely, if at all possible.” Retiring with less debt … isn’t that a good thing? Why not make a few extra mortgage payments to get the job done?

 

In reality, things are not so cut and dried. There is a fundamental opportunity cost to consider. If you decide to put more money toward your mortgage, what could that money potentially do for you if you were to direct it elsewhere?

Could Unclaimed Money Be Yours?

 

Could Unclaimed Money Be Yours?

How can you find & obtain it?

 

Provided by Exemplar Financial Network

 

bigstock-Missing-milk-carton-small.jpgMore than $40 billion in unclaimed cash & property waits to be returned. At first glance, that figure seems staggering, unbelievable – and, yet, it is true. To be more exact, the National Association of Unclaimed Property Administration (NAUPA), a coalition of state unclaimed property programs, puts the total at $41.7 billion.1   

Could You Improve Your Personal Finances Today?

 

Could You Improve Your Personal Finances Today?

 

Simple decisions & new habits might lead you toward a better financial future.

 

Provided by Exemplar Financial Network

 

bigstock balloons rising small.jpgIn life, there are times when simple decisions can have a profound impact. The same holds true when it comes to personal finance. Here are some simple choices you could make that may leave you better off financially – in the near term, the long term, or both.

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