It's been said that "The only constant in life is change." But don't let unexpected events stop you from achieving your financial goals, like retirement. Your Edward Jones advisor will work with you to "stress test" your strategy and build in ways to help ensure your strategy stays on track.
It's always good to have a cushion. And an emergency fund can provide just that if something unexpected happens —like a large home repair or having to cover expenses in the event you lose your job. Your emergency fund may include savings and chequing accounts, money market funds or access to a line of credit.
If you're still working, we think it's a good idea to have three to six months’ worth of living expenses as emergency cash. You should also consider maintaining access to a line of credit, which can supplement emergency cash if you need it.
Providing for your family's future is all about developing a proactive strategy to help ensure they have the financial resources they need if something were to happen to you. Insurance is designed to help address these risks by protecting what matters most.
How much insurance you may need depends on your specific situation. Talk with your Edward Jones advisor about what makes sense for you and your family.
The stock market will have its ups and downs. But how you react to these swings usually has more of an impact on reaching your financial goals than the decline itself.
Putting a strategy in place with your Edward Jones advisor can help you stay on track, no matter what the market does in the short term. Using these common risks as a starting point, your Edward Jones advisor will work with you to put a proactive strategy in place to prepare for unexpected events.
Insurance and annuities are offered by Edward Jones Insurance Agency (except in Québec). In Québec, insurance and annuities are offered by Edward Jones Insurance Agency (Québec) Inc.