Page 39 - AreaNewsletters "June'19" issue

B US I N E S S
My Emergency N e s t
One of the most important considerations to a prudent planning process is the decision on how much money a family should save for a “rainy day”. Cash that is subjected to zero risk and accumulated prior to beginning an investment plan. I can remember an early family nancial learning experience. My mother had four distinct envelopes, weekly expenses (including mortgage), vacation fund, education savings, and family emergency spending account. The most important envelope was for life’s unexpected events, the “emergency fund.” And life indeed happens, and this account was certainly active throughout my childhood.
Egg
The most important envelope was for life’s unexpected
events, the
Focus on these factors will result in a comfortable, smart decision on how much to set aside. It has been my personal experience that my clients appreciate knowing that this speci c nancial goal or necessity has been identi ed and protected. And
these accounts tend to be active.
We understand the importance of managing what really matters. It’s what we call, Real Life Finance.
“Grab a cup of co ee and a second opinion.”
By Dan Maurer, CEO/Owner DWM Family Wealth Ltd.
When deciding on your amount, important considerations are:
• Average monthly family expenses;
• Current job security;
• A thoughtful estimate of how long it may potentially take to
replace family income;
• Available support from family;
• Any planned, out of ordinary expense (new roof, semester abroad, new car, etc.).
“emergency fund.”
Watch for Future Articles:
• Su ering from “Oh No-sis” • Current Market Perspective • Castle Rock Real Estate
All nancial planning services are provided free of charge to our retired or active Police, Fire Fighters, Teachers
and Military.
Investment Advisory Services o ered through DWM Family Wealth Ltd.
“Let’s meet for a cup ofco ee and a second opinion.”
Investment Advisory Services o ered through DWM Family Wealth Ltd.
Aware Accessible Accountable
Architect Your Financial Future.
It is nice to understand your plan and the advice you receive.
Dan Maurer, CEO/Owner Dan@DWMFamilyWealth.com 303-814-2349
39 Castle Rock “AreaNewsletters • June 2019