By Kathryn O’Kane
When it comes to financial planning, are you overwhelmed with all the information and advice out there? Not sure where to start? In November, Certified Financial Planners Gail Linn and William Fischer at Fortis Lux Financial (an office of MassMutual) presented a free seminar – available exclusively to NYWIFT members – covering the key concepts you need to consider to achieve your financial goals.
Here are Gail and William’s five introductory tips to secure your economic future.
- Prepare for the unexpected. Put 6 months of living expenses in a savings account.
- Be aware there are many ways to fund your retirement: 401K, 403b, traditional IRA, SEP IRA, and Roth IRA.
- Understand that no amount is too small. Contributing as little as $25 to your retirement fund from each pay check adds up over time.
- Diversify. From stocks and bonds to size and growth, each allocation is going to react differently to what is going on in the market, meaning you can better weather market fluctuations.
- Consider tax diversification of your retirement investments. Traditional retirement accounts, combined with Roth IRAs and cash value life insurance can add necessary flexibility to your portfolio.
A free financial planning consultation with Gail and William is offered as a member benefit to all NYWIFT members, whether you have just started out in your career or have been working for years and are approaching retirement.
Contact information:
Gail Linn, CFP® & William Fischer, CFP®
Fortis Lux Financial, an office of Mass Mutual
277 Park Avenue, 41st & 44th Floor
New York, NY 10172
212-578-0300
Not a NYWIFT member yet? Join online.
Disclaimer: This information is provided for discussion purposes only, and should not be misconstrued as investment advice.
Kathryn O’Kane is a director and producer of television and commercials, as well as a NYWIFT board member. www.busyk.com
Related Posts
Meet the New NYWIFT Member: Claire Read
Claire Read is a New York-based documentary filmmaker and producer known for her work on HBO series like Telemarketers and The Vow, as well as independent documentaries covering diverse subjects. Her journey into documentary filmmaking began with a high school project on a controversial NYC community center, now culminating in Penn F—ing Station, a documentary exploring the city's debate over its redevelopment. She crafts stories that blend emotional depth with intellectual engagement, focusing on authentic narratives and human connections. Continue reading to discover Claire's experience in filmmaking and learn more about her upcoming projects.
READ MOREMeet the New NYWIFT Member: Veronica Moya
Welcome to NYWIFT, Veronica Moya! Driven by a belief in every child's innate wisdom and spiritual connection, Veronica founded a platform dedicated to nurturing these qualities. Her mission is to empower children to embrace their truths confidently, equipping them with the tools to navigate life's adventures while staying true to their inner spirit. Through her work, Veronica instills a sense of self-awareness and inner security, guiding children to realize their role as creators of their own happiness and fulfillment in the world.
READ MOREMeet the New NYWIFT Member: Claire Englebienne
Don’t hold the applause! It’s time for us to welcome our new NYWIFT member, Claire Englebienne! Claire is currently a Film & TV student at NYU who’s extremely passionate about storytelling and has begun writing and directing her own work. Originally from Argentina, she hopes to tell stories from her home country that move people. Read our full interview with Claire to learn more about her exciting projects, her experience working in the film industry in Argentina and some inspiring advice she’s received!
READ MORENYWIFT’s Annual Meet the Candidates Event: A Night of Nights
On a sunny day in June, member Stephanie Okun took the Metro North up to Yonkers to go to NYWIFT’s annual member meeting at Great Point Studios, which doubled as our 2024 Meet the Candidates Night where we can meet the candidates running for the 2024-25 NYWIFT Board elections. She shares her recap of the inspirational evening.
READ MORE