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Money Matters

Your Credit Union Newsletter

Money Matters by Farmers Insurance Federal Credit Union
The Freedom 30 Person holding a piggy bank
The Freedom 30: How to Cut Monthly Expenses: 4 Simple Ways to Save on Subscriptions, Utilities, Groceries, and Transportation

Saving for the future matters, but so does what’s happening in your bank account right now. That’s why this month, we’re keeping things close to home: four simple, doable ways to free up money in your everyday budget. Nothing drastic, nothing overwhelming — just 30 minutes a week, one small shift at a time. Read more.

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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: 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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