Broker Check

Around The Office - January 2019

January 25, 2019

Make Your Financial Resolutions Today!

A New Year, a new you! By this point you have already joined the gym and cleared the cupboards of all that junk food left over from the holiday season. However, it’s is also a great time to make some financial resolutions as well. At Moneco Advisors, we help our clients identify financial areas of concern that should be addressed to improve your financial well-being in 2019 and beyond.

Here are three of our favorites:

Addressing Debt: Even the wealthiest of people with a solid financial plan in place, still have a tendency to carry some debt. As the New Year starts off, if you have debt, especially credit card debt, do your best to consolidate it or restructure it. Be strategic about your debt, by working towards paying more against your principal, rather than your interest.

Emergency Fund: Despite how well you may be doing with work, savings and your investments, things can always change quite abruptly and without notice. We recommend that our clients have an emergency fund to cover expenses for a 3-6 month time period. To build up these reserves, make budget adjustments, set reminders and practice self-discipline. If financial hardship strikes, you will be prepared.

Retirement: We are constantly telling our clients how important retirement is and that it won’t happen unless there is a plan in place. Contributing up to the match in a company sponsored retirement plan is the necessary first step. The matching dollars are essentially “free” money, which is a hard thing to pass up! If you don’t have a company sponsored plan, don’t worry, you can still take advantage of the tax benefits by opening an Individual Retirement Account.

As always, our team is here to help you accomplish these financial resolutions and has a host of tools to assist you in doing so. Give the office a call today to help you ensure a prosperous 2019!

Mindfulness Coming to Moneco Advisors

Here at the firm, we know how stressful life can be both in and out of the office.  Work, family commitments and kid’s schedules can often get in the way of taking some time for yourself, just to relax and put everything into perspective.  It is for these reasons that we announced at our year end meeting that we will be offering all employees at the firm, including our peers at Rocco & Associates Wealth Management, an opportunity to be more mindful.  Meditation has been proven to help with this.  Therefore we are happy to be launching this month an opportunity for all employees to participate in a weekly mindfulness workshop that will include an element of meditation to help with stress. It is the firm’s believe, that caring for our employees is a key component to our success and ultimately our clients.

Estate Planning Grab ‘N Go

Stop by Colony Grill in downtown Fairfield on March 6th for our first Grab ‘N Go event of the year. Come by, drop of your estate planning documents, and grab a pizza to go! We have partnered with a local law practice, Russo & Rizio, LLC, to review your estate planning documents. After we review, we will reach back out with any suggestions that we may have. We will be at Colony from 5:30pm to 7:30pm so feel free to stop by and drop of your documents or come with questions if you are just looking for a place to start your estate plan.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Moneco Advisors and LPL Financial do not provide legal advice or services. Please consult your legal advisor regarding your specific situation. Moneco Advisors, Russo & Rizio and LPL Financial are separate entities.