Workforce reductions are happening in the private sector and the public sector.

Whether you’ve been impacted by these reductions or simply want to prepare for uncertainties ahead, here are 3 points to consider for a proactive approach:

1. Evaluate Emergency Savings & Cash Needs

Maintaining financial flexibility is an important first step during periods of uncertainty.

  • Address your emergency savings bucket. Are you earning a high yield on your cash, and is it happening safely?
  • Think about passive income. Do you know how much income your investments can generate without impacting your long-term financial plan?

Read the full article on PBMares’ Wealth Management website.