StraightLine

Happy 3 year anniversary to Kyle Zammit, AIF®,ChFC®!

We appreciate everything you bring to the team - thank you for everything you do.

Celebrating 20 incredible years — what an achievement! 🎉

Happy 20th Anniversary to Sonny Mehra AIF® CIMA®

Thank you for being such an integral, impactful part of the team. We are all so proud to celebrate this milestone with you!

Mike Bisaro has a very exciting new venture, joining his alma mater as a part of the New Mexico State University Business Council. He attended his first Business Advisory Council, a professional development seminar, and participated in mock interviews with students.

Mike has always seen the value in mentoring the next generation, and this is just one of the many ways he continues to give back by sharing his experience, guidance, and encouragement with future professionals. We’re proud to see him making an impact and helping students prepare for successful careers ahead while giving back to his alma mater.

Beth has been out and about yet again, this time at the Michigan Community College Human Resources Association Conference.

StraightLine is always happy to get out there and share how we can help institutions and employers engage their workforce through financial wellness, retirement planning and education.

What a great opportunity to meet some great people and have these important conversations!

This Week’s Financial Snack brought to you by Zach Rivard!

How much do I need in my emergency fund?

An emergency fund should cover at least 3 to 6 months of living expenses, depending on one’s circumstances. If you have multiple sources of income that are reliable such as a spouse’s salary, passive income (e.g., rental income), or a side hustle, you may need less of an emergency fund. Conversely, if the only source of household income is one person’s employment income, an emergency fund should be closer to 6 months of expenses. If income is variable or lumpy as may be the case for someone in sales, you may consider an emergency reserve that is even longer.

Questions to Ask Yourself:

✔️ How many months of living expenses could I cover if my income stopped tomorrow?
✔️ How stable and diversified is my household income?
✔️ Do I have any upcoming life events that will change how much I need?

If you have questions or would like to learn how this Financial Snack may apply to your individual financial situation, please Contact Us, or call our office at 248-269-8366

Beth represented StraightLine at MI CUPA-HR!

What a great opportunity to connect with HR professionals in higher education!

Happy Financial Literacy Month! Financial literacy is a gradual process. StraightLine recommends starting to understand the components you interact with everyday – Maybe it’s your budget, insurance, savings and investments, debt, retirement plans, or something else.

💐To read about how to cultivate your financial garden please see links in the comments!

In March, we were proud to sponsor two of our team members at the Pickleball Tournament 🎾

We love seeing our team making an impact both at work and in the community. Well done to Beth and Kyle!

Happy Financial Literacy Month! Here are some of our best tips to grow your own blooming financial garden.

➡️ Start where you are. It’s never too late (or too early) to begin nurturing your blooming financial garden!

🌳Credit Score Tree: Keeping your credit usage low, paying your bills on time, and monitoring your credit score regularly are the best ways to cultivate a great credit score!

🍯Savings Well: Automating your savings and making sure you have an emergency fund will set you up for success!

🪑Budgeting Bench: Stop and ask yourself where you can improve your spending habits. It’s important to get an idea of how you’re spending your money to create a successful budget. At StraightLine, we believe in the 50/30/20 rule, using 50% of your income for needs (utilities, groceries, gas, house payments, etc.), 30% for wants (all the fun stuff), and 20% for savings.

💐Blooming Financial Garden: You’ll be surprised at how fast your financial garden will start blooming with these slight adjustments to everyday habits!

Read more on our blog, see link in comments!

We’re excited to share that Mike Bisaro is a panelist at this year’s RIA Edge conference in Nashville.

If you’re heading there, make sure to stop by the Beyond the Plan: Real-World Advisors Redefining Quality Through Technology panel on Tuesday, April 14 at 9:30 a.m. to see Mike and the other panelists cover how advisors are using technology to deliver more actionable, human-centered advice. Mike will touch on how technology is shaping client experiences at StraightLine and the technologies we’re using to deliver value.