What is an emergency fund? An emergency fund is a reserve of savings used expressly for unplanned expenses or financial distress. Whether medical bills or a car repair, an emergency fund is a cushion that absorbs those unexpected expenses. Ideally, an emergency fund will keep you from raiding your retirement savings or, worse, taking on…… Continue reading Emergency Fun(d)
Tag: 401(k)
Why You Should Use an Independent Financial Advisor
There are a lot of financial advisors out there. The Bureau of Labor Statistics estimates that the United States has approximately 263,000 personal financial advisors. There are 3,330 St. Louis financial advisors, according to U.S. News. St. Louis has a lot of financial advisors and financial planners for a city of its size. For a St.…… Continue reading Why You Should Use an Independent Financial Advisor
401(k) Down? Blame Facebook
Facebook (I still refuse to call it Meta) has had a rough few months. Its stock has fallen over 40% since November. That is a phenomenal drop, especially for a company in the top ten of the S&P 500 Index. The size of Facebook and its plummet have helped drag the S&P 500 Index down…… Continue reading 401(k) Down? Blame Facebook
6 Reasons To Roll Over Your 401(k) To an IRA
It is no secret that the job market is hot right now. Many people have changed jobs in the past year or might consider doing so next year. Leaving for a new opportunity can be great, but you shouldn’t forget about your old 401(k). After leaving your job, you may be asking: “Should I roll…… Continue reading 6 Reasons To Roll Over Your 401(k) To an IRA