Entries from December 2016

Give Less to the IRS

Date December 29, 2016

With tax-time quickly approaching, our goal is always to keep your money and not give it all away to the IRS. Your retirement savings has been chugging away for years. Then, when you reach the magic age of 70 1/2, required minimum distributions, or RMDs, are a factor because Uncle Sam is finally able to […]

Best Ways for Kids to Invest Gift Money

Date December 26, 2016

With passbook interest rates still at all-time lows, teaching kids the magic of compound interest is tough.  You may want to consider showing the benefits of regular contributions and gift money in an account via a Uniform Gift to Minors Act (UGMA) or Uniform Transfers to Minors (UTMA). Until your child reaches 18, either parent […]

Do You Have “Lost” Money Somewhere?

Date December 21, 2016

Wouldn’t it be great to discover you have money out there that you didn’t know about? Did you move and forget to close out a small bank or credit union account? Did you change jobs and forget to give your forwarding information to human resources? Or maybe you gave a security deposit for a rental […]

Safety Options to Consider for Teen Drivers

Date December 19, 2016

While most teens nowadays value their smart phone more than car ownership, the fact is, most kids still need to get from point A to point B. Whether it’s your car they’ll be driving or their own set of wheels, there are a number of safety considerations that go into picking the right car for […]

How to Improve Your Credit Score

Date December 16, 2016

Almost no one is perfect when it comes to credit scores. The average score for Americans has been inching up over the past decade and is now close to 700. Many lenders consider that a good number, but the highest possible score is 850, according to Fair Isaac Corp., or FICO, which developed some of […]

How to Build a Certificate Ladder and Save Smart

Date December 14, 2016

If you’re looking to earn the highest possible yield on your investments without sacrificing the safety of government backed insurance, Certificates of deposit are one way to go. By using a laddering approach with your Certificate purchases, you can take things up a notch, gaining even more from this already solid investment. MCCU’s Share Certificates […]

How to Prioritize Savings Goals When Paying Down Student Loans

Date December 12, 2016

 This post originally appeared on the SoFi blog. Refinance your Student Loans with SoFi and Get a $200 Welcome Bonus!  Student loan debt can cause you to delay important life decisions, such as those around marriage and family, or postpone big savings goals like buying a house. But by refinancing, you won’t have to put […]

How to Avoid the Busy Holiday Scamming Season

Date December 9, 2016

You’re not the only one joyfully anticipating the holiday season. Cyber criminals are all aflutter, too, as they look forward to the killing they’ll make ripping off innocent shoppers like you. Here are some of the most common ways these thieves operate, because awareness can help you avoid becoming yet another victim. Antisocial media Beware […]

Do You Need an Estate Plan or Living Trust?

Date December 7, 2016

The majority of Americans have no plan in place to preserve, manage, and transfer their wealth upon death or incapacity. In California, if you die owning more than $150,000 in assets, whether you have a will or not, your estate could be subject to the costs and delays of probate. With an Estate Plan you […]

Be A Wise Giver This Holiday Season

Date December 5, 2016

The holidays are a time when we reflect on what we have and open our hearts (and our checkbooks) to others in need. Over $360 billion was donated to charities last year, and three out of four dollars came from people like you. The holidays are a prime time for giving, as over 40 percent […]