In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.
Fact: Unemployment is at an all-time high Have you lost or left your job recently? If so, you may be wondering how to take control of the money in your 401(k) or other employee retirement account. First, recognize that the crisis of losing your job may also be an opportunity. You can move your retirement funds to a different account and potentially have more options to plan for your future than you did under your previous employer’s plan. With fewer and fewer people staying at one job for the long term, most people experience at least three to four employers during their career, so you are not alone.
When you think of the ideal home, it conjures images of comfort—a safe haven you can come back to at the end of each day. And yet, statistically, the home can be a dangerous place. A study by the National Center for Healthy Housing found that 35 million American homes contained at least one health or safety hazard. That’s two out of every five homes with factors contributing to illness, injury, and even death.
Loans and Grants for Now and Later Whether it’s starting curbside pickup at restaurants, pivoting manufacturing facilities to produce masks and other necessities for frontline workers, creating online ordering systems, or developing remote work infrastructures on the fly, one silver lining the pandemic has shown us is the innovative power of small business owners and entrepreneurs. But the reality is that the small business sector is still in need of help—specifically financial help. If you are a business owner, here are the two major categories of finance that you can turn to, both during the COVID-19 crisis and after.
In January, the Setting Every Community up for Retirement Enhancement Act of 2019 was enacted. The ACT, which is referred to as the SECURE Act, should help Americans take greater control over their retirement funds. The Act describes about 25 provisions, so we will focus on the key changes that will likely have the greatest impact.
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Home energy efficiency projects offer many benefits, including health and safety, comfort, structural durability, and energy savings. The money you save by making energy efficiency upgrades can help cover the costs of financing the improvements, making these a great investment from day one. To sweeten the deal, there are multiple programs, rebates, and discounts designed to make energy efficiency possible for people of most income levels. Here are some of the biggies:
August 14 is National Financial Awareness Day—a good reminder to take personal stock of your financial awareness. What does it mean to be financially aware? Financial awareness is akin to financial literacy and both refer to the knowledge and skill sets that support solid financial decisions and overall financial health.
If you’re a parent, you may find that as the school year gets closer, figuring out a game plan to pay for college gets more overwhelming by the day. For most, funding education from savings alone is not an option.
If you have a financial advisor, it’s important to understand how he or she is charging you and how that affects your investments and the advice you receive. Not all advisors charge in the same way, and how they charge has an impact on the type of relationship you have with your advisor.