As the world is changing faster than ever, it’s crucial to establish emergency savings so you can be prepared for any financial changes as they come. Setting up an emergency fund is one of the best ways to start saving now.
Nobody likes to pay taxes, but it's especially hard for older Americans to deal with an unexpected tax bill. Given how many people live primarily on fixed incomes from Social Security and other sources, many don't have much extra cash to pay any more than absolutely necessary to the IRS.
Living without certainty about your income is challenging enough without having market volatility to contend with as well. Here are some tips to navigate all of your finances if you find yourself in a situation with an irregular income, and how you can still manage day to day expenses and invest some of your savings for the long-term so you can live the life you’ve envisioned.