Have you ever thought about what might happen to you financially if you were temporarily laid off or unable to work because of a sickness or an injury? What about those unexpected costs that can derail your budget, such as car or home repairs?
Establishing an emergency fund can help ease your mind. Your emergency fund should be able to cover three to six months of pay.
But how do you start an emergency fund? Easy. Pay yourself first. Try to set aside a percentage of each paycheck and have it automatically deposited into a secure, but accessible savings plan.
With a little effort, you’ll be surprised at how quickly an emergency fund begins to grow and how quickly you adjust to your “new” income stream.
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Mutual funds give you the ability to invest in a diversified portfolio of stocks, bonds, cash equivalents or other investments without requiring you to invest a large amount of money.Mutual funds
Terminal Illness Interest Relief
Members who receive an advance on their death benefit through a terminal illness accelerated benefit rider will also receive relief for up to $5,000 (per member) of the first year’s lien interest.