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
busyk
Related Posts
Meet the New NYWIFT Member: Jade Dressler
Welcome to NYWIFT, Jade Dressler! Jade has imagined, designed and created for mass and niche pop-culture and luxury lifestyle clients for over 30 years. From nature-inspired body jewelry on major couture runways to award-winning landscape art spanning acres in Brazil, she is known for producing touchpoints of meaning that connect and energize all our lives. The Jade Dressler Agency is NYC-based with global partners. The agency is known for lifting the dreams of personalities, brands and businesses clients with creative services that deliver compelling design, messaging, events, and experiences that thrill. Jade spoke to us about daring to be a disruptor, amazing moments with Karl Lagerfield, and her brand new screenplay!
READ MOREMeet the New NYWIFT Member: Candece Tarpley
Welcome to NYWIFT, Candece Tarpley! Candece Tarpley, of Sissipahaw/Tuscarora/Tsalagi descent, is a World Champion Powwow dancer, an actress and a poet-storyteller-playwright who has been writing since childhood. Holding her heritage close, she's been a featured performer nationwide, weaving her crafts with the patrons of the Public Library of Boulder Colorado; Middlebury College in Vermont; Williams College in Williamstown, Massachusetts; the Pequot Museum in Connecticut; the Brooklyn Museum and the Museum of Natural History in New York City, as well as other creative venues. Candece spoke to us about how her Indigenous heritage influences her work, the response to her television series, and her next major projects.
READ MOREMeet the New NYWIFT Member: Melissa Morales
New York based filmmaker Melissa Morales is a first-generation Puerto Rican Latina alum from CUNY Brooklyn College with a BA in Film Production, holding a magna cum laude GPA. Melissa is an aspiring writer, director, producer and production designer, and multimedia content creator. She has written, directed, & produced four short films in 2022, with her thesis "Bigger" winning a NYWIFT Emerging Female Filmmaker Award at Brookly College and a NYIFA Best Student Director Award both in 2023! Melissa tells us about receiving the NYWIFT Emerging Female Filmmaker Award, her role as a writer, director, and producer, and more!
READ MOREMeet the New NYWIFT Member: Hyonok Kim
Welcome to NYWIFT, Hyonok Kim! Hyonok is an award-winning filmmaker and choreographer who creates innovative and experimental film. Hyonok was born in South Korea, then studied film and dance in Paris and New York. Rather than dialogue, her films use dance to express interactions, bringing the emotional experience to the viewer. She choreographed and directed 15 dance films including Weeping Water, For Sunrise, Dance with Horses, Ode on a Korean Urn, Isle of Waiting Souls, Passion & Rebirth, South Sea to Isang Yun and L’Heure de Coq. Her films were shown at international film festivals and broadcasted in France, Germany, Australia, China, Korea, the Netherlands, and the USA. Now, she lives and works in the Bronx. Hyonok shares her inspirations in nature, as a choreographer and as a storyteller here!
READ MORE
