SMARTLAB by Logix

What You Need to Know About Utility Scams

Sherlogix Holmes / July 5, 2023

Many basic necessities rely on utilities we take for granted. And that makes them perfect for a scammer to exploit. Like many other scams, utility scams occur when a scammer pretends to be someone they’re not. In this case, the scammer poses as a representative from your power or water company and threatens to turn off your services unless you send payment right away or provide some important personal information.

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The Farmer and the Magic Seeds: Sowing the Seeds of Fortune

Logix / June 26, 2023

In the fertile financial fields of California, there lived a pragmatic farmer named Fred. With his sensible hat and sturdy boots, he was an emblem of resilience in this tumultuous terrain, where bulls and bears danced their unpredictable dance, and Wall Street wolves roamed. Yet, Fred was armed with a unique arsenal - his magic seeds, each representing a distinct investment strategy.

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When Should You Retire?

Logix Financial Services / June 22, 2023

The pandemic sparked some interesting retirement trends. First there was an unexpected decline in the share of workers in the United States who were 55 and older, prompting a study called “The Great Retirement Boom” by economists with the Federal Reserve. By early 2022, the trend was reversing. “Unretirements” were on the rise, with an estimated 1.5 million retirees returning to work in the U.S. labor market by March 2022. A study of Labor Department data by Nick Bunker, an economist with Indeed, revealed that as of March 2022, 3.2% of workers who had retired a year earlier had gone back to work, becoming unretired.

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Employee Retention Tax Credit (ERTC) Service

Logix / June 20, 2023

The ERTC is a refundable credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees. The qualifying amount of the claim could be impacted by the laws that were in place at the time wages were paid, including:

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What Is an UTMA?

Logix / May 30, 2023

If you are looking to provide your children with a financial boost for their future, you might want to explore the benefits of opening an account that offers the flexibility to align the funds with their goals. A Uniform Transfers to Minors Act (UTMA) savings account might be precisely what you need.

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How Will You Pay For College Tuition?

Logix Financial Services / May 26, 2023

Remember when a college education was reasonably priced? In the past 20 years, the cost of college tuition for public universities has risen 165%. College students and their families have been taking on more and more debt, and they are taking longer to pay it off. Recent data bears this out. In 2021, 34% of adults aged 18 to 29 years have student loan debt, making them more than twice as likely as adults in any other age group to have student debt.1,2 

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Preventing Card Fraud: Freeze/Unfreeze Your Card in the Mobile App

Maria Espinosa / May 23, 2023

Year after year, reports of debit and credit card fraud and associated financial losses continue to rise. As scammers become more skilled and sophisticated with their schemes, individuals need to enhance their digital security. So, how do you stay ahead of the game, you ask? Well, with the right knowledge and tools, of course. One powerful weapon is the ability to freeze or unfreeze your card using the Logix Mobile Banking app.

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Deposit Checks On the Go

Maria Espinosa / May 22, 2023

With the advancements in technology, mobile banking apps offer simple and time-saving solutions for various services, including depositing checks on the go. Whether you're at home or in the office, the Logix Mobile Banking app* provides the power of banking right at your fingertips. Gone are the days of making trips to your local branch or waiting in line for a check deposit!

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