Ask the Advisor: Should I Contribute to an IRA?

Sander+Tom

Sander Tom is a Financial Advisor and Certified Financial Planner™ with more than 30 years of experience in the financial services industry; more than 15 of those with SchoolsFirst FCU. Over this time, he has developed a deep understanding of investing and its powerful impact on a person’s life. 

Should I consider an IRA?

An Individual Retirement Account—or IRA—allows anyone with earned income to save for retirement. That’s why it’s a great option to start saving for your future, especially if you don’t have an employer-sponsored retirement plan through your job. Also, if you’re self-employed, you can use an IRA to create a retirement plan. In addition, there are special rules that may allow a stay-at-home spouse to contribute to an IRA. Continue reading

How to Keep Emergencies From Ruining Your Budget

By Lynnette Khalfani-Cox, The Money Coach®

Having a financial back-up plan is a vital part of achieving financial security. After all, life never goes exactly according to plan. In any given month, something unexpected can happen that throws your budget out of whack. Your car may get a flat tire; a major appliance in your home might break down; or someone in your household could get sick, and you wind up with unforeseen healthcare bills.

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Back-to-School Shopping Tips

Plan ahead, spend wisely, stay secure.

Like many retail events, the back-to-school shopping season seems to start earlier and earlier. Here are ways to focus on buying only what you need, finding good values and keeping your financial information safe when shopping online or in stores.                                   Continue reading