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Money Matters

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Money Matters by Farmers Insurance Federal Credit Union
Fraud Tips Couple looking over finances
That “Urgent” Mortgage Postcard in Your Mailbox? Here’s What’s Really Going On.

You just bought a house. Or refinanced. Or took out a home equity line. And a week later, a postcard shows up in your mailbox that looks official. It may even appear to reference your lender or loan servicer. It says something like “ACTION REQUIRED” or “Your loan servicing has changed.” It has your loan amount. Sometimes your closing date. It feels real, because it includes information that may be available from public records or other sources. Read more.

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Financial Tips Couple discussing finances
The Pros And Cons Of Taking Money Out Of Your 401(k)

A 401(k) plan is a powerful tool for retirement savings, offering tax advantages and employer contributions. However, life’s financial demands may tempt you to consider withdrawing money from your 401(k) accounts. Hardship distributions may be available for certain immediate and significant financial needs, subject to your employer’s retirement plan provisions and applicable IRS rules. Please note that, according to the IRS, you are limited to a hardship distribution in the amount necessary to satisfy that financial need. Read more.

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The Freedom 30 Couple talking having coffee
The Freedom 30: Retirement Planning

Planning for retirement can feel overwhelming, but it becomes much easier when you break it into small, manageable steps. Whether retirement is decades away or getting closer, taking one focused action each week can help you build a stronger foundation for the future you want. Read more.

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The Freedom 30 Couple with an umbrella
How To Build An Emergency Fund: Simple Steps To Save Money And Prepare For Unexpected Expenses

Saving for a rainy day can feel overwhelming, especially with rising costs on just about everything, but building an emergency fund is one of the most important steps many people consider when working toward financial stability. By breaking the process into small, manageable steps, you can start saving money, reduce financial stress, and prepare for unexpected expenses with confidence. Read more.

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