NYWIFT Blog

5 Tips for Securing Your Economic Future

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.

  1. Prepare for the unexpected. Put 6 months of living expenses in a savings account.
  2. Be aware there are many ways to fund your retirement: 401K, 403b, traditional IRA, SEP IRA, and Roth IRA.
  3. Understand that no amount is too small. Contributing as little as $25 to your retirement fund from each pay check adds up over time.
  4. 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.
  5. 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

PUBLISHED BY

busyk

busyk Kathryn O'Kane is a producer/director with over fifteen years of diverse experience in television, advertising and web media. She is honored to serve on the NYWIFT Board of Directors, which supports the careers of women in the Entertainment Industry. Kathryn has crafted narratives as diverse as “Mission Juno,” which documents NASA’s probe to Jupiter, "Master Class," the award-winning10-part flagship series for the Oprah Winfrey Network OWN, and "San Quentin Film School," a six-part documentary series for Discovery Channel following nine prisoners during the first ever film production class in prison. Having started her career supporting democratic initiatives in Latin America, Kathryn has always maintained a love for international travel and politics, and she looks forward to bridging cultural differences through art and story telling.

View all posts by busyk

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