Whether your 25 or 55, you need a strategy for retirement. Check out these tips and tricks from our experts.
On March 27, 2020, Congress passed the CARES Act, the largest economic stimulus bill in the history of the United States, in response to the coronavirus pandemic.1 Included in the legislation are new rules for student loan relief that supersede the rules that were announced only a week earlier by the Department of Education. For more information on both sets of rules, visit the federal student aid website.
In the current market environment, the value of your holdings may be fluctuating widely — and it’s natural to feel tentative about further investment. But regularly adding to an account that’s designed for a long-term goal may cushion the emotional impact of market swings. If losses are offset even in part by new savings, the bottom-line number on your statement might not be quite so discouraging. And a basic principle of investing is that buying during a down market may help your portfolio grow when the market turns upward again.
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here.
To answer this question, you must decide how your money can work best for you. Compare the money you might earn on other investments with the money you would pay on your debt. If you would earn less on investments than you would pay on debts, you should pay off debt.
For the 2019-2020 college year, the average annual cost of attendance (known as the COA) at a four-year public college for in-state students was $26,590, the average cost at a four-year college for out-of-state students was $42,970, and the average cost at a four-year private college was $53,980. The COA figure includes tuition and fees, room and board, books and supplies, transportation, and personal expenses. Many private colleges cost substantially more. (Source: The College Board’s 2019 Trends in College Pricing Report),
The 5 financial health goals for your 20’s help you develop a solid financial foundation — like starting a budget and making it a habit to save. Life does happen, so if you haven’t hit those milestones yet, don’t be too hard on yourself. Every step you take today is still a step in the right direction.
Yes, there are steps you can take now that may help your child obtain more financial aid later. All federally funded financial aid programs use a formula known as the federal methodology to determine how much money a family must contribute towards a child’s educational costs before becoming eligible for financial aid. This figure is known as the expected family contribution (EFC). The difference between your EFC and the cost of your child’s college equals your child’s financial need and the less aid your child will be eligible for.
Expanding your family with a new furry, feathery, or scaly friend? Whether you’re a first-time pet owner or very experienced, don’t forget to consider the financial impact of a new pet and adjust your budget accordingly.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted in December 2019 as part of a larger federal spending package. This long-awaited legislation expands savings opportunities for workers and includes new requirements and incentives for employers that provide retirement benefits. At the same time, it restricts popular estate planning strategy for individuals with significant assets in IRAs and employer-sponsored retirement plans.
![The State of Financial Wellness in America [Infographic]](https://www.sesloc.org/wp-content/uploads/2021/11/Blog-Headers-Collection-1-9-1080x675.png)
Financial wellness is a hot topic. But what is it exactly? Financial wellness is the state of your overall financial health, measured by how you’re doing in a few categories: spending, saving, borrowing, and planning.
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce Margot Olivarria, from Shoes for Students
Thank you for voting for us in the Santa Maria Times “Best Of 2024” contest. We are humbled! Here are our favorite Local Rewards¹ hot spots in the area, where you’ll earn bonus SESLOC Rewards points¹ on eligible debit and credit card purchases.
Everything you need to know about using contactless cards.
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce Candice Monge, from CALM.
SESLOC has once again been recognized as a leading credit union that consistently provides an exceptional member service by MemberXP, a member experience solution from CU Solutions Group.
The workers are sooo nice and friendly!!"
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