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2810 Fieldstream Drive North
Wilson, NC 27896
Phone: 252-237-4357
Fax: 252-243-2681
March/April 2023
Financial Tips for 2023
You’ve probably heard the saying: “If you fail to plan, you plan to fail.” That adage is particularly true when it comes to your finances. Your objective should be to create a plan that can help you weather financial ups and downs, no matter what the economy is doing.
Define Your Goals
Before you purchase a single investment, think about what you'll need money for in the future. Your short-, medium- and long-term goals will determine how much money you'll have to save to reach each goal. Defining your goals and your time frame for needing money will help you formulate a plan to reach them.
Eliminate Debt
The first step in your financial plan should be to pay off any debt you have. Whether you have student loans or credit card balances, paying off debt will leave you with more money to save and invest.Create an Emergency Fund
Consider waiting to invest until you've saved at least three to six months' worth of expenses in an account that you can access penalty free. Having an emergency fund means you won't have to borrow money on a high-interest credit card to pay for an unexpected expense.What Kind of Investor Are You?
Understanding how much investment risk you're willing to take will help you choose investments that fall within your comfort zone. Your financial professional can help.Know What You're Getting
Before you invest, make sure you understand what you're buying. Many investments are complex, so ask your financial professional to explain the pros and cons, and don't buy any investment you don't understand.CONTACT US
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Active Planning & Investment Solutions and LTM Client Marketing are unrelated companies. This newsletter was created by LTM Client Marketing and was not written or created by the named financial professional and does not necessarily represent the views and opinions of Avantax Wealth Management® or its subsidiaries.
Avantax affiliated advisors may only conduct business with residents of the states for which they are properly licensed and registered. Securities offered through Avantax Investment Services℠, Member FINRA, SIPC, Investment advisory services offered through Avantax Advisory Services℠, Insurance services offered through an Avantax affiliated insurance agency. Not all products and services are offered by all financial professionals. Products and services listed may only be offered by properly licensed individuals. Active Planning & Investment Solutions and Avantax are not affiliated.
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