Sen. Tameika Isaac Devine shares some tips to secure your family’s finances for 2025

Kenneil Mitchell,

COLUMBIA, S.C. (WOLO) – State Senator Tameika Isaac Devine spoke with Curtis about some ways you can secure your family’s financial future for the new year!

Senator Devine, who is also the principal of Jabber & Isaac, PA, shared these tips to strengthen your finances:

1. Update Your Estate Plan

  • Review your will, trusts, and beneficiary designations to ensure they align with your current wishes and financial goals

2. Maximize Retirement Contributions

  • Contributing to retirement accounts such as a 401(k) or IRA not only prepares you for the future but also offers significant tax advantages
  • Take full advantage of employer matching programs and consider increasing your contributions if possible

3. Secure Adequate Insurance Coverage

  • Life, health, disability, and property insurance
  • Evaluate your current policies to ensure they provide sufficient coverage for your family’s needs
  • Explore options for term life or whole life insurance to provide added security

4. Build an Emergency Fund

  • Aim to save three to six months’ worth of living expenses in a readily accessible account to provide a safety net during challenging times

5. Create a Family Budget and Financial Goals

  • Sit down as a family to outline monthly expenses
  • Identify areas for savings
  • Set achievable financial goals

6. Invest in Real Estate

  • Purchase property, whether residential land, condo, townhome, or single-family home
  • Real estate is one of the only investments that have a higher appreciation rate than other means of investment

For more information, click here to visit the law firm’s website or call (803) 254-8868.

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