Caring for financial health just as important as physical well-being

(VENTURA, CA) - Like any professional, having a good doctor or even better, a great team of doctors on your side, is critical with illness. In the case of financial health, having a team of top-notch financial advisors is also important. In today´s economy, I cannot stress the importance of caring for your physical and financial health.

At Kipp Financial Group's qualified investment professionals work as a team to help manage the wealth of clients to ensure a healthy balance. By adopting a similar model as the Mayo Clinic, the firm reviews the entire financial picture, rather than just one component. Specialists evaluate debt, risk and portfolio management and estate and tax planning with the ultimate goal of securing financial freedom for its clients, in sickness and in health.

Maintaining a solid investment plan that will take care of you or your family if something should happen is one financial tip no one should do without. A few additional tips include:

1. Be prepared for personal setbacks -- Set aside a cash fund of at least six months in living expenses. Resolve to set aside a minimum of 5-10 percent of your salary for savings before you start paying bills.

2. Keep investing, look for stock bargains -- If you are investing for the log haul, buying stocks when the markets are down could pay off down the road. Purchasing solid companies caught in a general market downdraft may give you more for your money.

3. Contribute to a retirement plan -- Ask your employer if they have a 401(k) plan (or similar plan), and sign up. If you're already contributing, try to increase your contribution. If your employer doesn't offer a retirement plan, consider an IRA.

4. Update your will, set up a family trust -- 70% of Americans don't have a will. If you have dependents, no matter how little or how much you own, you need a will to protect your loved ones. Better yet, set up a family trust and start planning for their futures.

5. Maintain financial records -- Records are vital to ensure you are claiming all allowable income tax deductions and credits.

If you are not comfortable with your current long-term financial plans, it is recomended you to get a second opinion.

For additional information visit www.kippfinancialgroup.com.