Create Wealth Financial Planning

Still guessing at your emergency fund number? 👀

Most people either have way too little saved or are sitting on cash they don't actually need tied up there.

There's a straightforward way to calculate exactly what your reserve should be, and it comes down to a specific type of expense (not your total spending) combined with a few honest questions about your income and household situation.

Self-employed? Single income? Supporting dependents? The answers shift your target significantly.

And once you land on the right number, where you keep it is just as important as how much you have.

Drop a comment below: how many months of expenses do you keep on hand? Curious where people land on this.

Create Wealth Financial Planning, LLC (CWFP) is a registered investment advisor offering advisory services in the State of FL and in other jurisdictions where exempted. All content on this site is for informational purposes only. Portions of this content may have been generated with the assistance of AI tools.

Investing involves risk and the potential for loss. Please speak with a financial professional to evaluate your personal situation before taking action on any items discussed on this page.

Comments and reactions by viewers are not a guarantee of future investment outcomes and are beyond the control of Jeff McDermott and Create Wealth Financial Planning. Public comments are not selected, amended, deleted, or sorted by CWFP, although personally identifiable information, scam or fraud messages, and misinformation may be removed.

Create Wealth Financial Planning is a financial advisor serving HENRYs, Executives and Directors, Business Owners, and rising career professionals ages 35-55.

Your company stock could be your biggest risk 👀

If one stock makes up 30, 40, or even 50% of your portfolio, a single bad quarter isn't just a dip. It could be a retirement-altering event.

A diversified portfolio can weather a bear market and recover. A concentrated position in a company that collapses? That's a very different story, and it's one that catches a lot of near-retirees completely off guard.

The good news: there are strategies that can help you reduce that risk without triggering a massive tax bill all at once. Things like spreading sales across multiple years, using charitable giving vehicles that eliminate capital gains entirely, or a more advanced approach that lets you swap concentrated shares for a diversified portfolio with no immediate tax event.

Most executives have more options here than they realize.

If this sounds like your situation, book your FREE intro call through the link in bio.

Create Wealth Financial Planning, LLC (CWFP) is a registered investment advisor offering advisory services in the State of FL and in other jurisdictions where exempted. All content on this site is for informational purposes only. Portions of this content may have been generated with the assistance of AI tools.

Investing involves risk and the potential for loss. Please speak with a financial professional to evaluate your personal situation before taking action on any items discussed on this page.

Comments and reactions by viewers are not a guarantee of future investment outcomes and are beyond the control of Jeff McDermott and Create Wealth Financial Planning. Public comments are not selected, amended, deleted, or sorted by CWFP, although personally identifiable information, scam or fraud messages, and misinformation may be removed.

Create Wealth Financial Planning is a financial advisor serving executives, business owners, and rising professionals.

The Fed's rate decisions hit your wallet more than you'd think. 💸

Spoiler: it's not about picking stocks 👀