Yes, but the taxable portion of your distribution may be subject to a 10% penalty for early withdrawal if you’re not yet age 59½. If you are 59½ or older and take money from your traditional IRA, you will not be assessed a penalty, though you may still have to pay income tax on all or part of the distribution.
From managing unexpected interruptions in income to prioritizing monthly expenses, GreenPath Financial Wellness has been listening and learning as they speak with people facing financial hardships.
One of the most talked about benefits of the recent CARES Act is the $1,200 stimulus payments for individuals who earned $75,000/year or less and $2,400 for married couples filing jointly that earned $150,000/year or less. This goes to everyone, whether they’ve experienced income loss or not. Here are some strategies to use your check wisely:
Experiencing a loss in income is an extremely stressful event that will leave you feeling lost and worried about the future. But you don’t have to do it alone — there are tools and resources available to make your situation manageable as you get back on track.
![Fun Online Tools to Teach Kids about Money [Includes Printable Downloads]](https://www.sesloc.org/wp-content/uploads/2021/11/Blog-Headers-Collection-2-7-1-1-1080x675.png)
Financial education is important, and it’s never too early to start. At SESLOC, we make learning fun with activities to help your kids learn the value of money and the importance of growing their savings. Help them develop habits now for a lifetime of financial wellness.
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.
What does $1,500 mean to you? No matter your financial situation, $1,500 is significant. It could be a down payment on your next car, a dent in your debt, a furniture upgrade, a step towards retirement, a boost to your emergency fund, or a first-class ticket to New York.
As we move deeper into the new year, the magic of the holiday may have worn off, and many of our New Year’s resolutions are becoming faded memories. With tax season approaching and the pace of our working lives becoming more and more accelerated, stress can start to take a toll on us emotionally.
What’s a credit score and why is it so important? A credit score, also known as a FICO Score, is a calculation based on your activity in a few categories that assess the likelihood that you will repay any debt you owe. The higher the score, the more likely it is that you can handle your debt.
![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.
Located in the heart of the Central Coast, Paso Robles is known for its picturesque landscapes, award-winning drink spots, and charming eateries. To make your decision on your next destination easier, we’ve narrowed it down to the top five places in Paso Robles where you earn more rewards points.
SESLOC offers credit union members the benefit of earning bonus rewards points when you use your HomeFREE Checking™ debit or Visa Signature Rewards® credit card at participating Local Rewards¹ businesses. Points can be redeemed for gift cards, cash back, and many more...
A road trip is the perfect excuse to discover the hidden beauty of the Central Coast. Immerse yourself in the stunning landscapes, discover charming new restaurants, and create unforgettable memories. Whether you’re a local seeking adventure or a traveler looking to embrace the open road, this guide will provide you with five curated locations that will enhance the excitement of the scenic route.
SESLOC employees saved 3.9 tons of carbon dioxide from entering our local air during the second quarter of 2023 by using alternative commute methods like riding a bike, taking the bus or carpooling, and telecommuting to cut a whopping 10,484.4 miles from their travel plans. Reducing our carbon footprint is an important part of preserving our community for generations to come.
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. In April, we were thrilled to meet Mary Watt, from the SLO Food Bank.
