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How to take control of your future financially

Taking control of your future financially is important to anyone out there who wants to enjoy retirement. No one wants to work well into their golden years, which is why preparing financially at an early age can make all the difference. Here are some tips for taking charge of your financial future.

Set goals for yourself financially and then prioritize those goals. Set at least three goals and then create a timeline for attaining each one. If there is too much debt to your name, your first goal should be to pay down that debt. This can be debt accumulated on a credit card or through various loans.

Get involved with the finances of your family. Learn about investing, where you money goes and how the bills are paid. Even though one spouse typically handles the finances, both should know what is going on in case of an emergency that puts you front and center.

Start an emergency fund. An emergency fund is a great way to pay for an unexpected expense. If you miss time at work due to an illness or injury, will you be able to pay bills or other expenses? An emergency fund can help you in a pinch. By setting aside $10 per week, you can easily save $500 in a year.

Speak with a financial planner. Everyone should have a financial expert in their corner. These are people educated in the world of finance who can answer all of your questions regarding money, investing, saving and so much more. Take advantage of all they have to offer so you are not confused about your finances.

Use a family law attorney to put all of your wishes down in a will. A lawyer can also create a trust, estate plan and other important legal documents for you and your spouse.

An experienced family law attorney can answer all of your questions surrounding family legal issues in Newburgh, New York.

Source: Nasdaq, “5 Ways Moms (and All Women) Can Take Charge of Their Financial Futures,” May 10, 2017

Important Information

COVID-19 (Novel Corona Virus)  Update 3-20-2020

By order of Governor Andrew Cuomo, beginning 3-22-2020, all non-essential business in New York state must close their physical offices in response to the rapid rate of positive reported cases of COVID-19 in New York State.

Although this will impact the in office and in person services that LIT can provide, we will still be working remotely from our homes to serve our existing clients and we will continue to serve the public on a remote basis with any new legal matters for which they may need assistance.

We as a nation have overcome great obstacles in the past and although the challenges that lie ahead of us as community, as a state, and as a nation are great, we will overcome them as our resilience as individuals, as a community and as a nation will allow us to prevail.

May all of you and your loved ones be safe and well .

Larkin, Ingrassia & Tepermayster, LLP

Should you have any questions please feel free to contact us at 845-566-5345

For more information regarding the COVID-19 virus please visit any of the following sites:

Centers for Disease Control and Prevention

NYS Department of Health

Orange County Dept. of Health

Ulster County Dept. of Health

For information and updates regarding court postponements or closings please visit:

NYS Unified Court System

9th Judicial District

3rd Judicial District