LDM & Associates Inc is a Sales Area for Afortus Financial.
The Steps
Step 4
Develop An Emergency Fund
Have a Plan for Emergencies
An adequate emergency fund should:
- Be in a place that’s safe
- Return a better interest rate than a checking account
- Be completely liquid
- Be separate from your checking account and be funded systematically
Keep a “Stash of Cash”
As a general rule of thumb, you should keep a minimum of three months income or salary—preferably six months—where it can be readily accessed in case of emergency.
Investment Risk Disclaimer
Information contained herein should not be construed as legal or tax advice and is intended for illustrative purposes only. All charts, graphs, estimates and projections are based upon hypothetical situations, are not representative of any particular financial condition and are not intended to represent a likely or guaranteed return or outcome for any prospective customer.
The Afortus Financial Needs Analysis is based upon source information believed to be accurate. It is an analysis to determine appropriate individual financial needs and does not constitute a solicitation for the purchase or sale of any specific financial product or service.
Step Five: Investment Risk Disclaimer
1 Information contained herein should not be construed as legal or tax advice and is intended for illustrative purposes only. All charts, graphs, estimates and projections are based upon hypothetical situations, are not representative of any particular financial condition and are not intended to represent a likely or guaranteed return or outcome for any prospective customer.
The Afortus Financial Needs Analysis is based upon source information believed to be accurate. It is an analysis to determine appropriate individual financial needs and does not constitute a solicitation for the purchase or sale of any specific financial product or service.13 The illustrated rate of 8% is hypothetical, and is not based on any actual investment or product. It does not reflect the risks, expenses, or charges connected with any particular investment but is for illustrative purposes only.