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.
If you’re receiving benefits based on your own work record, your benefits will continue. If you’re receiving spousal benefits based on your former spouse’s work record, those benefits will generally end upon your getting remarried, but you may be able to receive benefits based on your new spouse’s work record, or on your own.
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.
SESLOC’s 2024 Shred Day events break nine years of records by serving 746 visitors and shredding nearly 42,000 pounds of paper! Thanks to our members who attended the events at our San Luis Obispo, Atascadero, Arroyo Grande, Paso Robles and Santa Maria branches, plus our new Lompoc event location. In total, we recycled 133 total bins with about 21 tons of shredded paper— saving 357 trees, 147,000 gallons of water, 63 cubic yards of landfill space, and 84,000 kilowatts of electricity!
On Friday, October 11, SESLOC returned to Pacific Beach High School in San Luis Obispo for a second year to engage 55 students in the Bite of Reality simulation. This hands-on event immerses students in a realistic budgeting app, providing them with valuable insights into managing finances. Through interactive scenarios, participants learn to navigate the distinction between needs and wants, equipping them with essential budgeting skills for real life.
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 Len Hoskins, from the DANA Adobe.
