FINANCIAL HEALTH LIBRARY
TRI-TOWN APPLE INDEX
- “When Should I Start My Social Security Payments?”
- “My Parents Could Use Additional Cash, But Most of Their Net Worth Is Tied Up In the Value of Their Home. Is a Reverse Mortgage a Good Idea for Them?”
- “College Is Right Around the Corner. Where Do We Look for Financial Aid?”
Advice on these questions, and many others, is available in the Tri-Town Apple.
The financial health library was created by the Tri-Town Teachers Federal Credit Union to help its members understand the financial options, choices, and opportunities that present themselves on an almost daily basis.
- – This will help you determine what you need to have withheld.
- – A new car is second only to a home as the most expensive purchase many consumers make. According to the National Automobile Dealers Association, the average price of a new car sold in the United States is about $30,000. That’s why it’s important to know how to make a smart deal. – Federal Trade Commission (FTC)
- – Buying a used car is fraught with it’s own set of hidden pitfalls.
- – A thorough discussion of used warranties and how they affect the buyer.
- – A discussion of service contracts for automobiles.
- – We continue our series on Buying and Owning a Car (OK, renting is neither buying or owning, but you get the idea).
- – Buying can be fun, repairing never is!
- – The rate of leasing in the United States was higher last year than at any time in more than a decade, according to data provided by Edmunds.com and Kelley Blue Book.
- – Make sure you’re getting the most out of your heating bill.
- – FAQs and tips on building and understanding your credit and why it’s important to lenders.
- – The new Free Application for Federal Student Aid, known as the Fafsa, became available online on Jan. 1. This is the starting point for students and families seeking federal aid.
- – A positive set of guidelines and references to help those with school loans keep current with their loan payment responsibilities and protect their credit rating.
- – If you’re 62 or older – and looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, or pay for healthcare expenses – you may be considering a reverse mortgage.
- – Reverse mortgages can be a benefit to older people, at or near retirement. But, like many things in life, they have aspects that can create unexpected hardships, not only for the retirees, but for their heirs. This is the second part of a two part series on Reverse Mortgages.
- – This is an introduction and the first of four posts on the subject of home equity loans.
- – This is the last of four posts on the subject of home equity loans
- – How large you’ll want your nest egg depends on calculations that are unique to you. Everyone needs to do the math though, it’s not something that should be put off.
Saving & Investing
- – Helpful Information For Our Teacher Members: Investment Options and Important Advice About 403(b) Plans From the Securities and Exchange Commission.
- – Millions of Americans are managing money or property for a loved one who is unable to pay bills or make financial decisions. This can be very overwhelming. But, it’s also a great opportunity to help someone you care about, and protect them from scams and fraud.
- – Senior citizens are the number one target of investment con artists. The files of state securities agencies are filled with tragic examples of senior citizens who have been cheated out of life savings, windfall insurance payments, and even the equity in their own homes.
- – Good credit is necessary if you plan to use credit to make a major purchase, such as a car or a home, or want to be able to take advantage of the convenience credit can provide. The importance of good credit also extends beyond purchases, in that it may be used by potential employers and landlords as part of the selection process.
- – Some financial advisors and consumer advocates suggest that you review your credit report periodically because the information it contains affects whether you can get a loan — and how much you will have to pay to borrow money..
- – We all know the storms that clobbered the Northeast the last couple of years caused widespread damage, much of it by flooding. But it doesn’t take a hurricane like Sandy to cause flood damage to homes and businesses.
- – This is the second of two posts on safe internet banking. The Internet offers the potential for safe, convenient new ways to shop for financial services and conduct banking business, any day, any time. However, safe banking online involves making good choices – decisions that will help you avoid costly surprises or even scams. Look here for help.
- – The Internet offers the potential for safe, convenient new ways to shop for financial services and conduct banking business, any day, any time. However, safe banking online involves making good choices – decisions that will help you avoid costly surprises or even scams. Look here for help.
- – Identity theft happens. It’s an unfortunate fact of modern life. And YES, it can happen to you! But there are certain steps you can take to help keep your personal information from falling into the wrong hands.
- Seven Safety Tips to Protect Consumers – Read about how to work in partnership with institutions to help minimize the risk or impact of identity fraud.
- – There Is No Getting Around It – College Is Expensive! Here is where to start looking.
- – For many people, when to claim Social Security is one of the most significant choices they will ever make. The timing of the first check affects how much they’ll get from Social Security and what benefits will be available for spouses, children and, eventually, survivors.
- – To say the cost of higher education is daunting is an understatement. Here in Connecticut, the yearly sticker prices for a sample of schools range from $12,535 at Charter Oak State College, to $61,333 at Yale (source: CNNMoney). Help is available and since the Federal Government is responsible for much of the financial assistance, a good place to start looking is the U.S. Dept. of Education.
- – Once upon a time, it was a no-brainer, as soon as you had the down payment in hand, buying a house was perhaps the wisest financial decision you could make. The recent Great Recession changed that paradigm. We know now that home prices can go up, and they can go down.