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Dianne Williams Wildt, MBA

Certified Retirement Counselor®

Since 1983 in the financial services and investment industry


Retirement Pathways, Inc.

4500 Bowling Blvd., Suite 100

Louisville, KY 40207


Phone:  502-797-1258


Email: dianne@retirementpathways.com

Website: www.retirementpathways.com

March/April 2023

Financial Tips for 2023

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You’ve probably heard the saying, “If you fail to plan, you plan to fail.” That adage is particularly true when it comes to your finances. Your goal should be to create a plan that can help you weather financial ups and downs, no matter what the economy is doing.

Start with Your Goals
Before you purchase a single investment, think about what you'll need money for in the future. The future can be several months or several years down the road. In fact, it will probably be both. Your short-, medium- and long-term goals will determine how much money you'll have to save to reach each goal. Defining your goals and your time frame for needing the money will help you formulate a plan to reach them.

Eliminated Debt
The first step in your financial plan should be to pay off any debt you have. Whether you have student loans or credit card balances, paying off debt will leave you with more money to save and invest.

Create an Emergency Fund
Consider waiting to invest until you've saved at least six months worth of expenses in an account that you can access penalty free. Having an emergency fund means you won't have to borrow money on a high-interest credit card to pay for an unexpected expense. Stashing money in an account that offers liquidity can prevent you from having to sell investments when values are down.

What Kind of Investor Are You?
Are you an aggressive investor who is willing to take on more risk for a potentially greater reward? Or are you a conservative investor who prefers investments that protect your principal? Maybe you fall somewhere in the middle. Understanding how much investment risk you're willing to take will help you choose investments that fall within your comfort zone. Your financial professional can help.

Know What You're Getting
Before you invest, make sure you understand what you're buying. Many investments are complex, so ask your financial professional to explain the pros and cons, and don't buy an investment you don't understand.


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Investment advisory services offered through American Capital Management, Inc., a State Registered Investment Advisor. Retirement Pathways, Inc. is independent of American Capital Management, Inc.
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