About 70% of U.S. private-sector workers have the option to contribute to a retirement plan such as a 401(k), 403(b), or 457(b) plan provided by an employer. Unfortunately, many of them don’t take full advantage of this tax-friendly opportunity to save for the future.
If you have been affected by a recent federally declared major disaster, you may be relieved to hear that over the past few years, it has become easier to access your work-based retirement plan and IRA money. Following is a brief summary of the rules for qualified disaster recovery distributions and disaster-related plan loans. For more information, please contact your retirement plan or IRA Administrator.
Here are some things to consider as you weigh potential tax moves between now and the end of the year.
In general, long-term care refers to a broad range of medical and personal services designed to assist individuals who have lost their ability to function independently.
The further you are from retirement, the more time you have to resolve the expected shortfall. Even if you are closing in on retirement, there may be steps you can take to bridge the gap.
Whether or not scholarships and grants are subject to Federal income tax depends on several factors.
There could be much-needed relief for airline passengers on the horizon, thanks to a new federal law and rules issued by the U.S. Department of Transportation.
The IRS recently released the 2025 contribution limits for health savings accounts (HSAs), as well as the 2025 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs).
If you file a federal gift tax return, you must use Form 709 and file by April 15 of the year following the year in which the gift was made.
Although there’s no hard-and-fast rule about when you should review your estate plan, the following suggestions may be of some help.
At SESLOC, we’re introducing new ways to help SESLOC Members Save. Whether you are just starting your financial journey, are an everyday saver, or have more to invest, there is something for everyone at SESLOC. We hope these benefits make your holidays more merry and bright and help you reach your financial goals and dreams in the coming year.
Consider making moves to Level Up, with our new member benefits program.¹ Increasing benefits include select fee waivers, waived check orders, and rate discounts on new eligible consumer loans — all of which can help you save even more money and get ahead financially.
Here are the answers to common questions about Level Up, our new member benefits program.¹ Have more questions? Call us at (805) 543-1816 or visit any SESLOC branch:
SESLOC is pleased to announce that we have received two prestigious awards this year. The recognition we have earned serves as a testament to our commitment to excellence and dedication to providing exceptional financial services to our valued member-owners. We are proud to share this achievement with you, as it highlights our ongoing efforts to deliver top-tier products and services that meet and exceed the financial needs of our community.
SESLOC is pleased to announce that as of November 1, 2024, there has been a reduction in overdraft fees. This change is part of our commitment to providing cost-effective solutions for our membership and community. These savings will be extended to members but will have the greatest impact on those facing financial challenges, who need a break from fees to begin saving and building healthy financial habits.
