At Allegacy Federal Credit Union, doing right is at the core of all we do. We want to make sure you understand your options so you can find the best one for your unique situation. Long-term care encompasses many aspects of a person’s life. Let us help you determine the path that’s right for you. What is long-term care? In … Continue reading
It’s a fact: People today are living longer. Although that’s good news, the odds of requiring some sort of long-term care increase as you get older. And as the costs of home care, nursing homes, and assisted living escalate, you probably wonder how you’re ever going to be able to afford long-term care. One solution that is gaining in popularity is … Continue reading
At a time when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself in the position of having to help your children with college expenses while at the same time looking after the needs of your aging parents. Squeezed in the middle, you’ve joined the ranks of the “sandwich generation.” … Continue reading
In a perfect world, everything you own would go to your desired beneficiaries – exactly as you intended, according to your will. Unfortunately, if you die unexpectedly, your assets may well not go where you want them – unless you make arrangements in advance. Probate The first concept to understand is probate. This is a formal legal process in which … Continue reading
Saving money (or paying yourself first) is one of the best things you can do for your financial wellbeing. At Allegacy Federal Credit Union, we believe in doing right for your wellbeing and that includes offering solutions to help you make the smartest financial choices for you. Why is saving so important? The answer to this question varies depending on … Continue reading
Planning for marriage should involve more than just picking out invitations and deciding whether you should serve chicken or fish at the reception. More importantly, you’ll want to take a look at how marriage will impact your financial situation. And while there are a number of issues you’ll need to think about, careful planning can increase the likelihood that you’ll … Continue reading
While we hope this year was you best year ever, we know sometimes things don’t always go as planned. If your financial plan didn’t work out the way you wanted it to, don’t beat yourself up. Instead, ask yourself the following questions to determine what you can learn from reflecting on your financial situation in the last year. Did you … Continue reading
Parenthood can be both wonderfully rewarding and frighteningly challenging. Children give gifts only a parent can understand–from sticky-finger hugs to heartfelt pleas to tag along on Saturday morning errands. You raise them with a clear goal that you secretly dread will actually take place–that someday they will be grown, independent, and ready to move out on their own, and your … Continue reading
You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child’s education at the same time can be a challenge. But take heart – you may be able to reach both goals if you make … Continue reading
The terms growth and value are often used to describe two different investment strategies, yet many investors may want both qualities in an investment. Famed investor Warren Buffett put it this way in a 2015 interview: “I always say if you aren’t investing for value, what are you investing for? And the idea that value and growth are two different … Continue reading
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