Life insurance is an agreement between you (the insured) and an insurer. Under the terms of a life insurance policy, the insurer promises to pay a certain sum to a person you choose (your beneficiary) upon your death, in exchange for your premium payments. Appropriate life insurance coverage may provide you with a feeling of
In the market for a new or used vehicle and have a trade in? Having some basic knowledge around trading in your current vehicle can help offset the costs of this new purchase. But it’s important to know just how much your current car is worth before you trade it in at a dealership. You’ll
What if you’re nearing retirement and you determine that your retirement income may not be adequate to meet your retirement expenses? If retirement is just around the corner, you may need to drastically change your spending and saving habits. Saving even a little money can really add up if you do it consistently and earn
Are you planning to remodel your kitchen? Replace a roof? Improve your landscaping? No matter what projects you have on your to-do list, one thing’s for sure: It’s going to cost money. If you’re looking for a way to achieve that goal of making your house the home you’ve always dreamed it could be, consider
You’ve worked hard your whole life anticipating the day you could finally retire. First of all, congratulations if that day has arrived! You’ve spent a lifetime accumulating your retirement assets, and now it’s time to put them to work. Reaching retirement comes with the realization that you’ll need to carefully manage these assets so that
There are creative ways to refinance debt and save money in the process. For instance, a lower-interest auto loan can be used to refinance a high-interest loan like a credit card.
Real estate is a great way to build long-term wealth. Combining the forces of leverage, appreciation and cash flow, real estate investment is an accessible way to provide for your financial future. Leverage Your 15-25% down payment purchases a much larger asset than other investments. Appreciation Your asset can increase in value over time, and
If you are a young adult just starting your first job, chances are you face a number of different challenges. College loans, rent, and car payments all may be competing for your hard-earned yet still entry-level paycheck. How can you even consider setting aside money in your employer-sponsored retirement plan now? After all, retirement is decades
As astonishing as it may seem, 2017 is quickly coming to a close. And, if you’re in the below category, you may be approaching the deadline for taking your required minimum distributions from your qualified retirement savings. Even if this year is not your first, many people are confused about the accounts that are required,
Every year, the United States declares September as National Life Insurance Awareness Month. That’s because there are few things more important than making sure that our loved ones, our charities, our estates, etc., are properly taken care of in the event of our death. The CFS* Financial Advisors here at Elevations Credit Union are life
