CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
1021223-00006-00
Advisor Name, designations
Financial Professional
Prudential Advisors
236 Broadway
Menands, NY 12204
Phone: 800-243-5334
Fax: 800-720-0780
Email: sales@ltmclientmarketing.com
Website: letstalkfinancialwellness.com
July/August 2024
S.O.S for Your Family Finances
Protecting yourself and your loved ones is really what having a financial strategy is all about. A haphazard approach to saving and investing can leave you short of your goals, so consider what you can do to improve your chances of success.
Create a Savings Routine
It’s easy to find excuses for not putting money in a savings or investment account. But setting aside even a small amount every month can help you build savings to help you reach your goals. With automatic deposits, the money comes out of your paycheck before you receive it, reducing the temptation to spend instead of save.Maintain an Emergency Fund
No matter what stage of life you’re in, having money set aside for unexpected expenses or a loss of income is essential. An emergency fund can prevent you from having to sell investments or dip into other savings in those situations. You’ll generally want to keep three-to-six months’ worth of expenses in an account you can easily access without penalty.Define Short- and Long-term Goals
You’re more likely to save if you have specific goals, so think about what you’ll need money for in the future. If owning a home is in your plans, having a substantial down payment and a good credit standing can start you on your way to home ownership. Formalizing a college savings plan can help move you to reach that goal. But your biggest challenge may be to accumulate enough savings to fund your retirement. Contributions to an employer’s 401(k) plan or a traditional individual retirement account (IRA) potentially grow tax free until you withdraw the money in retirement.Protect with Life Insurance
Life insurance can be an integral part of your financial strategy. Policy proceeds can help your family maintain its standard of living in the event of your death.*Your financial professional can help you and your family prepare for a more secure financial future.
*Applications for life insurance are subject to underwriting and require paid premiums for coverage. Accessing cash values may reduce the death benefit and policy values, trigger tax consequences, surrender fees, and charges, and may require additional premium payments to maintain the contract. Guarantees are based on the claims-paying ability of the issuer.
1058822-00003-00
Life insurance is issued by The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Securities products and services are offered through Pruco Securities, LLC (Pruco) (member SIPC). Prudential and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Prudential, the Prudential logo, and the Rock Symbol are service marks of Prudential Financial Inc., and its related entities, registered in many jurisdictions worldwide. Prudential Advisors is a brand name of The Prudential Insurance Company of America and its subsidiaries.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
Prudential Advisors and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Specialists LLC, an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.