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Beth A. Botti, CFP®, ChFC, CLU, CDFA™
Financial Consultant
California Insurance License #0G24537
612 Wheelers Farms Road, Milford, CT 06460
Phone: 203-877-6556 Ext. 169
Fax: 203-301-0736
Email: beth.botti@equitable.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.
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CONTACT US
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Duly registered and licensed financial professionals offer securities through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA,SIPC (Equitable Financial Advisors in MI & TN), offer investment advisory products and services through Equitable Advisors, LLC, an SEC-registered investment advisor, and offer annuity and insurance products through Equitable Network, LLC (Equitable Network Insurance Agency of Utah, LLC in UT; Equitable Network of Puerto Rico, Inc.). Equal Opportunity Employer - M/F/D/V. Equitable Advisors and its associates and affiliates do not provide tax, accounting, or legal advice or services. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. Your connection to this website does not necessarily indicate that the sender is able to transact business in your state. The information in this website is not investment or securities advice and does not constitute an offer. For more information about Equitable Advisors, LLC you may visit https://equitable.com/crs to review the firm's Relationship Summary for Retail Investors and General Conflicts of Interest Disclosure.
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CFP®, and CERTIFIED FINANCIAL PLANNER™ are certification marks owned by the Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete the CFP Board's initial and ongoing certification requirements.
www.equitable.com
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