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Financial and Lifestyle Resources for Vermont


In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.

By: Oliver Ames

June 8th, 2021

Investment Apps and Meme Stocks: It's Wise to Be Wary

Youth and Finances | Investing in the Future

In June of 2020, the daily number of people trading with the popular Robinhood investing app reached record levels, exceeding 4.3 million daily average revenue trades (CNBC). Robinhood is a new breed of commission-free investment apps that allows anyone to trade stocks and funds through a simple mobile app that rewards investments with confetti and other fun graphics. The company recently came under increased scrutiny, for creating a user experience that encourages risky behavior, when a twenty-year-old user committed suicide because he thought he had lost $730,000 dollars (CBS News). While apps like Robinhood provide an innovative and exciting new way for anyone to become an active investor, they are also causing significant harm to unseasoned investors who are unaware of the dangers of risky investment tactics. Here are a few things to keep in mind before you dip your toe into the market and risk gambling away your money.

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By: Brian Bristow

June 1st, 2021

How Does an IRA Work and Why Isn't Mine Performing?

Investing in the Future

To understand why your IRA, 401(k), 403(b), or 457 isn’t performing, you need a little background on how these retirement products work. They are essentially just tax-deferred containers for your retirement portfolio, so they function differently than many other investment products.

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By: Seth Kerin

April 27th, 2021

Four Financial Planning Steps to Help You Build a Better Future

Saving and Budgeting | Investing in the Future

It is never too late to improve your financial situation, and it is never too early to start thinking about financial planning, retirement, or saving up for a large purchase like your first home. While I am not a financial advisor, there are some basic tips and strategies to begin moving in the right direction. Having taken these steps myself, though, I can help provide some firsthand advice to improving your financial health.

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By: Nick Bohlen

April 15th, 2021

Four of the Best Finance Books to Read for Financial Literacy Month

Credit and Debt | Saving and Budgeting | Investing in the Future | Lifestyle

April is Financial Literacy Month, and I’m taking the concept very literally with some finance book recommendations. There are many books on finance out there, of course, but here are a few of the best books about personal finance, money management, and our financial system that I’ve read.

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6 Tips for Improving Your Credit Score

Cultivate and Maintain an Excellent Credit Score

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By: Heidi White

April 1st, 2021

What Is Financial Literacy and Why Is it Important?

Credit and Debt | Saving and Budgeting | Investing in the Future

Financial literacy is more than just the knowledge you need to make responsible financial decisions. It’s also the ability to put that knowledge to good use. Those who are financially literate can create a budget and manage their checking account. They understand how credit cards work and how to use them without racking up debt. And they know what is involved in saving for their future financial needs like college, a home, or retirement.

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By: Blair Wolston

March 9th, 2021

Are Low Interest Rates Killing Your Savings? Here's What to Do.

Saving and Budgeting | Investing in the Future

With interest rates at historic lows for loans and deposits, the current rate environment certainly rewards borrowers but what choices are long-term savers left with?

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By: Brian Bishop

January 21st, 2021

Should I Roll Over My 401(k) to an IRA

Investing in the Future

If you’re changing jobs or are retiring, you’re probably wondering what to do about your employer-sponsored retirement plan, whether it’s a 401(k), a 403(b), or a 457 plan. Should you leave it where it is, roll it into a plan sponsored by your new employer, or roll it over to a self-directed IRA? Each person’s situation is different, but here are some basic considerations to keep in mind as you determine what to do with your investments.

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By: Brian Bristow

January 12th, 2021

Your Financial Advisor Meeting Checklist

Investing in the Future

So, you’re finally taking that next step in your financial stability. You're meeting with a financial advisor to figure out how you can make the most of the assets you’ve got. Maybe you don’t have much money and you’re looking for a place to start. Or maybe you’ve got plenty to invest but you’re moving to a new advisor. Either way, it’s a good idea to go to the meeting prepared so that you can come away with your questions answered and your feet firmly headed down the road toward financial security.       

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