Unexpected things happen all the time in life. Sickness, major home repairs, other unforeseen circumstances—any of these can be costly if not prepared for properly. The purpose of an emergency reserve is to improve financial security by creating a safety net that can be used to meet this kind of unanticipated expense. So, in this episode, get ready to dive deep into this topic and learn what there is to know about emergency reserves.
Resources:
· Learn more about Pearl Planning.
· Read blog 5 Questions to Ask When Stocks Are Down.
· Retired or near retirement? Listen to our podcast from 2020 on conversations for retirees in a bear market.
· Watch REPLAY Financial wellness in a bear market
· Read blog How to Do a Backdoor Roth IRA Contribution
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