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Tips on creating an emergency fund post government shutdown include a savings account for medical expenses with paycheck and any windfall money.

The Importance of Having an Emergency Fund

   

If the government shutdown proved anything, it’s how many Americans are living paycheck to paycheck. Are you financially ready in the event of a job loss, extended illness or some other emergency? EisnerAmper Private Business Services advisor Tim Schuster offers some helpful tips on creating (and sustaining) a fund that can help you sleep a little better at night should a crisis arise.


Transcript

Dave Plaskow:  Hello and welcome to The Bottom Line. This podcast examines the everyday business and finance issues faced by closely held  businesses. We hope to provide you with news you can use in what we like to think of as a jargon-free zone. I'm your host, Dave Plaskow, and with us, as always, is Tim Schuster, Manager in EisnerAmper’s Private Business Services Group. Today we'll discuss with Tim how to approach creating a fund for emergencies. Tim. Hello.

Tim Schuster:Dave. It's a pleasure my friend.


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Mr. Schuster is a Manager providing tax compliance services to individual filers, as well as assistance on tax returns for companies in the manufacturing and real estate industries.

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