Retirement Planning: To Roth or Not to Roth?
Regardless which type of IRA you choose, the contribution limits are the same, although Roth IRAs contributions are subject to income limits.
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Logix’s Return of the Member
To our longtime members this may come as no surprise, but we’re proud to report that Logix has topped the charts once again! Out of 300 credit unions over $1B, CreditUnions.com recently ranked Logix Federal Credit Union 4th in member feedback! How did we do it? Was it our tasteful lobby decor? Was it our adored robot mascot, Robix? Well, as with all of our victories, we accomplished this feat due to our members' ongoing loyalty and support.
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Beware of Scams!
Trust is a good thing, but when it comes to your personal information, always verify that the request is a legitimate one.
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Three Key Components of Financial Literacy
Financial feats that were once unheard of—from investing in cryptocurrency to instantly paying someone through an online payment system—have now become commonplace in many parts of the country. But these sophisticated tasks must be built on a foundation of financial literacy.
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Saving Money at the Grocery Store
You can set yourself up to save in almost every area of your life, from food to shelter and transportation. Whatever your goals are for saving – from finding money in your budget to pay off debt, to building a fund for the next chapter of your life – “bonus” savings on things like your weekly trip to the grocery store can help you get there faster. These tips will help you find more money in your budget – starting with saving at the grocery store.
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Individual Retirement Accounts (IRAs)
An individual retirement account or IRA is an investment account that enables individuals to save for retirement.
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Cancel Your Subscriptions
With the click of a button you can sign up for a subscription to stream music or your favorite T.V. series. It’s easy to be roped in by offers for gym memberships, grocery delivery, and box subscriptions. These relatively “small” recurring costs can add up quickly. Many times, we’re unaware of exactly how much we end up spending on these subscription services—in fact, according to a Waterstone Management Group survey, 84% of us are underestimating our monthly tech spending.
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4 Things to Consider When Financing a Car
For many people, knowing exactly how much you can afford can help smooth the way. Take your time to reduce the stress in financing a car purchase.
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Getting a Home Mortgage
Buying a house is a big financial commitment. Knowing what you want and what you can afford, and understanding the mortgage process are all big pieces of the puzzle.
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Understanding the Earned Income Tax Credit
The Earned Income Tax Credit (EITC) is a federal tax credit that can provide great benefit to families. According to the IRS, in 2019 alone, approximately 25 million workers and families received over $60 billion in EITC payments, with the average payment coming in at $2,476.
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