HOW DO I BUILD A FINANCIAL SAFETY NET?

Most financial planners will tell you that planning a financial backup for life’s emergencies is a prerequisite to beginning an investment plan:

• Establish a cash reserve of three to six months worth of living expenses
• Do not spend more than 35% of your income to pay off debt (including mortgage or rent)
• Obtain adequate life insurance—generally 8 to 10 times your annual family income

Speak with a Trusted Financial Advisor

You may want to ask a Financial Advisor to help you review your goals and design a sound plan. Take the Financial Goals Worksheet with you and see which are short, middle, and long-term goals for your financial future.

Financial Goals Worksheet

Locate a Financial Advisor at a Branch Near You

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•Investing Basics
•Retirement Planning
•Retirement Goal Worksheet

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