When balancing the household budget every month, how much are you setting aside for retirement? Retirement planning should be the foundation of your financial strategy. In addition to paying for housing, food, and other bills, you should allocate enough money for retirement savings so you will be prepared when you are ready to retire.
Vancouver, Wash.— iQ Credit Union has a storied history of financial education and active community involvement in Southwest Washington and Portland, Oregon. When COVID19 began, iQ promptly responded by creatively rethinking existing programs and events, while participating in a sequence of philanthropic and educational offerings to address the needs of its members and communities both now and well into the future, including:
When considering a retirement strategy, one of the first questions you should ask is whether an individual retirement account (IRA) is right for you. IRAs are useful tools for any retirement strategy since they provide a means to lock money away and offer tax advantages. This blog will offer some insight into IRAs to help you determine what type suits your retirement needs. Opening an IRA is the easiest way to start saving for the future.
It’s never too early to start planning for retirement. In fact, the earlier the better. The more money you can put aside early before family obligations and other lifelong commitments ensue, the more money you will have when it’s time to retire. Anyone can open an IRA account, even if you have a 401(k) retirement savings plan where you work. A key fact to keep in mind: Your IRA continues to build on itself and in a way, it’s your smartest investment. Start as soon as you can and enjoy a larger payout for your efforts.
Wiersma will lead iQ’s dynamic business services department with a commercial loan portfolio over $250M
Recent promotions continue iQ’s tradition of developing and advancing the credit union’s leaders
All of us had a difficult 2020. Because of the pandemic, tens of thousands of Americans lost their jobs, and more Americans are using credit cards to pay for groceries and household expenses. That means mounting debt for many families. One way to manage your credit card debt is with balance transfers.
Your old car has finally stopped working and you need new wheels. Or maybe you just want to upgrade to a newer model. Or your family is growing and it’s time to trade in the coupe for something more practical. What is your best option? Should you buy a car, or would it be better to lease a car?
When someone talks about estate planning, do you think of wealthy relatives with lots of property and money in the bank? The truth is that we all have some form of estate or legacy, so we all need to go through estate planning—and the earlier the better. Consider this blog post your introduction to Estate Planning 101.
No matter how young or how old they are, everyone should have a will. Yet only 40 percent of Americans have one. Many people haven’t taken the time to draft a will because they are unclear on how a will works and what happens if they pass away without one.
Who doesn’t want to be their own boss? There is plenty of freedom in working for yourself, and more people are striking out on their own and joining the gig economy as independent contractors. However, there is more to working as an independent contractor than sitting in Starbucks with your laptop. Even if you are working for yourself, you are still running a business, and there are potential pitfalls and financial risks unless you understand what it takes to become a successful freelance worker.