Financial Literacy Month: Emergency Funds

4.12.17 (003)

In honor of Financial Literacy Month, we are going to chat & chew about an important financial topic: emergency funds.

The concept of an emergency fund is one of the bedrocks of a solid financial plan. Hopefully it will never need to be tapped, but in order to ensure that any unplanned expenses are covered, it is often advised to keep a cash fund equal to approximately 3-6 months of income. Continue reading

MFS Monthly Tip: Generation X’s Retirement Status

3.8.17

How would you guess Gen X is faring when it comes to retirement saving? Americans born between 1965 and 1980 are approaching what should be their peak income years, and many of them have actively contributed to workplace retirement plans, IRAs, and investment accounts. At the same time, Gen X is becoming the new “sandwich generation”—spending time and money to care for kids and aging parents at once. Continue reading