Category Archives: Saving
Retirement Planning: Roth IRA Conversion
The Roth IRA Conversion Conversation When it comes to retirement planning, you may have heard of a Roth IRA. Roth IRAs are an after-tax account designed for retirement savings. This means that no tax deduction is given for contributions to a Roth IRA. Instead, when funds are withdrawn after age 59 1/2, there are no… (read more)
Posted In: Guest Blog, Saving
Share Certificate vs. CD? What’s the Difference?
CERTIFICATES. You’ve seen the term a lot recently in promos for FFCCU and other financial institutions. At a credit union, you may have heard about ‘share certificates.’ Elsewhere you’ve probably seen mention of ‘certificates of deposit,’ more often abbreviated as ‘CDs. Share certificate vs CD vs certificate of deposit…what’s the difference? Spoiler Alert: functionally, there… (read more)
Posted In: Saving
College Savings with a 529 Plan
May 29th is National 529 Day. This week Nichole Coyle, CERTIFIED FINANCIAL PLANNER™, talks about what a 529 plan is and recent changes that have made this education investment vehicle even more attractive. A 529 plan is a college savings account that allows you to save money for your child’s (or other family member’s) college… (read more)
Posted In: Guest Blog, Saving
Six Ways to Prepare for the Holiday Season
The holidays are just around the corner and searching for a great deal for that special someone can get expensive. Thoughtful and memorable gifts do not have to break the bank. Allegecy says that the holidays do not have to cost an arm and a leg to make the day special. Going above and beyond with… (read more)
Posted In: Saving
5 Tips to Jump-Start Your Savings Goals
This post is from our partners at GreenPath Financial wellness. If you need help managing your finances, GreenPath’s certified experts can advise you on budgeting, debt repayment options, and more. It’s human nature. We’re all wired to meet our immediate wants, whether indulging in a tempting bowl of ice cream, spending more time than planned scrolling… (read more)
Posted In: Saving
7 Great Tips to Model Healthy Cash Management for Kids
This post is from our partners at GreenPath Financial wellness. If you need help managing your finances, GreenPath’s certified experts can advise you on budgeting, debt repayment options, and more. As adults, how we handle finances sends a powerful message to children. That’s why it’s essential to model the healthy cash management behaviors that we want… (read more)
Posted In: Saving, Sparky's Kids Club, Tips For Managing Finances
9 Ways to Fight Inflation and Secure Your Retirement
According to the Bureau of Labor Statistics, we are experiencing record inflation: 9.1% as of June 2022. We haven’t seen inflation this high since the early 1980s. The higher inflation goes, the less each dollar you have and earn is worth. If that sounds scary or confusing, check out what our guest blogger, Nichole Coyle… (read more)
Posted In: Saving
6 Things You May Not Know about Certificates
You may have heard of a CD, certificate of deposit, or share certificate – it’s called many things, but no matter the name, a certificate is a great tool to have in your financial toolkit. But what are certificates anyway? And how do they work? 1. What is a Certificate? A certificate is a type… (read more)
Posted In: Saving
How to Save Money for Wedding Financing in 2022
If you are planning your wedding financing this year, you may be in for a challenge. After more than a year of postponements due to Covid-19, the industry has seen a huge increase in demand for weddings and large events. As a result, the demand for every aspect of the industry is higher than ever… (read more)
Posted In: Saving
