Retirement

Ask the Advisor: Should I Contribute to an IRA?

Image SchoolsFirst FCU Featured Content, Investing, Retirement , ,

by Andy Han

Since 2005, Andy has been assisting Credit Union Members with their financial services. He’s passionate about educating Members and stresses that it’s critical they are comfortable with their personalized financial plan and understand how it works.

Many Americans are lucky enough to have a retirement savings plan through their employment. But if you don’t have that option, an Individual Retirement Account – or IRA – allows anyone with earned income to save for retirement. And if you’re self-employed, you can use an IRA to create your own retirement plan. In addition, there are special rules that may allow a stay-at-home spouse to contribute to one as well. Continue reading →

10 Money Moves to Make in Your 70s

SchoolsFirst FCU Investing, Retirement, Saving , ,

When you reach your 70s, life slows down a little. You may be planning to retire, or already living in retirement. Whatever your situation, there are ways to make your 70s more enjoyable and stress free, especially when it comes to managing your finances. If you still choose to work in some capacity, or simply want to enjoy your leisure time and hobbies, here are some tips to help you live the retirement you want.

Continue reading →

10 Money Moves to Make in Your 40s

SchoolsFirst FCU Family Matters, Investing, Retirement, Saving , ,

When you reach your 40s, most likely your responsibilities have increased significantly. With that in mind, it’s more important than ever to figure out how to allocate your hard-earned dollars. To manage day-to-day expenses and accomplish your longer-term financial goals, you’ll need a plan you can live with and adjust it to your changing needs.

Continue reading →

Ask the Advisor: Rules of Thumb to Save for Your Future

SchoolsFirst FCU Retirement, Saving ,

By Aaron Handfield

About the Advisor

Aaron Handfield has more than 14 years of insurance and financial planning experience, including four years of financial planning at JP Morgan and Edward Jones Investments. He is a registered and licensed investment and retirement planning professional and is registered to sell securities. He also holds a California Life/Health Insurance License.

Continue reading →

Ask the Advisor: Ways to Stick with Your 2020 Resolutions

SchoolsFirst FCU Retirement, Uncategorized , ,

by Kathryn Hackney

For more than 30 years, Kathryn has been helping people work toward their financial goals. She takes pride in  providing Members with an objective review of their current situation and helping them create long term goals. Kathryn likes to remind Members that retirement planning doesn’t end at retirement. “Members often think that once they retire things will take care of themselves,” she says. “There are a lot of opportunities that retirement presents for managing your retirement savings. Working with Members to make sure they are getting the most out of their plans is something I really enjoy.”

Kathryn is a fully registered financial advisor and licensed insurance agent. When she’s not working with Members, Kathryn loves to get outside, bike riding and spending time with her family and friends.

 

A new year typically brings new challenges. Maybe you have some financial resolutions you’re already working on. But what are the best ways to help you stick with them so your circumstances change for the better — permanently?

Here are some money moves that can help you stay on track this year.

Continue reading →

Ask the Advisor: Which Takes Priority, Retirement or College?

SchoolsFirst FCU Family Matters, Retirement , ,

By Jason Persinger

Since 2012, Jason has enjoyed sharing the SchoolsFirst FCU difference, offering objective and caring advice, tailored financial plans and a highly competitive fee structure for investment products. Jason holds the designations of CFP®, ChFC® and CLU®, and is registered to sell securities and holds a California Life/Health Insurance License.

Portrait Of Family Sitting On Steps Outside Home

Like most people, you probably have many financial goals you’d like to accomplish. If you have children, helping them pay for college may top the list. Continue reading →

Tapping Your Retirement to Buy a Home

SchoolsFirst FCU My Home, Retirement , ,

If you’re planning to buy a home, you may be worried if you’ll have enough money saved for a down payment. You’ve probably heard that you can use retirement funds to help, but it’s important to know the restrictions, or you could be stuck paying penalties and taxes. And even though a home can be a great investment, taking out retirement funds early could hurt your long-term security.

Here’s what you should know before you make any financial moves.

Continue reading →

Tips to Save for Emergencies and Your Future

SchoolsFirst FCU Investing, Retirement, Saving, Spending, Uncategorized , ,

If you feel like you could do more to improve your saving and investing habits, or don’t know how to get started, here are some tips that can help. Financial experts agree that there are two important things to focus on: start and contribute regularly to an emergency fund, and contribute at least 10% of your paycheck to a retirement account.

Continue reading →