To most people, “risk” evokes negative images — driving faster than the speed limit, placing bets on “a long shot,” or traveling alone to unfamiliar places. Mention risk in terms of investing and people might think about losing their life’s savings. But in reality, investment […]
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Is the Roth 401(k) an Option for You?
Since it first became available in 2006, many employers have added the Roth 401(k) to their benefit packages as a retirement savings option. A Roth option is available for Individual Retirement Accounts (IRAs) and 401(k) and 403(b) accounts. To see if a Roth 401(k) would […]
View moreTEG Retirement & Advisory Services- Reducing Risk with Diversification
Diversification is a basic concept that’s critical to building a portfolio able to withstand the test of time. It is the process of spreading your money among a variety of securities to reduce exposure to any one investment or asset class. The premise behind diversification […]
View moreTEG Retirement & Advisory Services – Work With a Financial Advisor
The world of 50 years ago was a lot different than it is today. An individual often worked at the same job all his or her adult life, lived in the same house, and stayed married to the same spouse. In those days, too, one […]
View moreTEG Retirement & Advisory Services- Outlook 2020
Hindsight is 20/20, but finding clarity in future uncertainty can be fuzzy. AT LPL RESEARCH, as we look forward to the year 2020 and a new decade, some key trends and market signals will be important to watch, including progress on U.S.-China trade discussions, an […]
View moreBeware of Facebook Ad Scams
Before buying something from a Facebook ad be sure to research the company and/or item to avoid being scammed
View moreTEG Retirement & Advisory Services- Am I Having Enough Withheld?
If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. If you receive an income tax refund, it essentially means that you provided the IRS with an interest-free loan during the year. By comparison, if […]
View moreTEG Retirement & Advisory Services- Tax Benefits of Making a QCD
At the end of 2015, Congress permanently extended the rule allowing taxpayers to exclude from taxable income certain individual retirement account (IRA) distributions made directly to a qualified charity. Otherwise known as qualified charitable distributions, or QCDs, such transfers can provide individuals who were already […]
View moreTEG Retirement & Advisory Services- Retirement Plan Rollover Options for Non-Spouse Beneficiaries
If you participate in an employer-sponsored qualified retirement plan, such as a defined benefit plan, 401(k) plan, employee stock ownership plan (ESOP), 403(b) plan, or 457(b) plan, you may have chosen a beneficiary to receive your account balance in the event of your death. If […]
View moreTEG Retirement & Advisory Services- Helpful Tax Tips before Year End
Tax planning can be more advantageous when done during the year and well in advance of year’s end. Opportunities may exist for you to minimize tax liability, which could leave more income for you and/or your family. Generally, people put off tax planning because paying […]
View moreTEG Retirement & Advisory Services: Putting The Bull In Perspective
The S&P 500 Index has closed higher five consecutive weeks, making six new all-time highs along the way. There now have been 19 new highs in 2019, tying the number we saw last year. There’s no doubt that this bull market has been incredibly impressive, […]
View moreTEG Retirement & Advisory Services- Bulls Stay in Motion
“An object in motion tends to remain in motion along a straight line unless acted upon by an outside force.” Sir Isaac Newton What a year it has been for the bulls. The S&P 500 Index recently made four more new highs, and it’s up […]
View moreTEG Retirement & Advisory Services – Building Health Care Costs into Retirement Planning
Health care planning is a sensitive subject that often takes you and your advisor places you don’t want to go. But given rising expenses, no retirement plan is complete without some kind of provision for health care needs. Here are some guidelines and resources for […]
View moreTEG Retirement & Advisory Services- Will The Fed Go Three For Three?
The Federal Reserve Bank (Fed) is widely expected to cut interest rates on Wednesday, October 30, which would be the third cut this year after nine consecutive hikes. The current fed funds rate target is 1.75–2%, with a 25 basis point cut likely happening this […]
View moreTEG Retirement & Advisory Services- How to Get Tax Savings on Charitable Contributions After 2018
Qualified charitable distributions from an IRA provide individuals over 70½ with a way to receive income tax savings on charitable gifts—even if they decide to take the newly increased standard deduction. For tax year 2017, 37 million income tax returns reported charitable donations. For 2018 […]
View moreWARNING: Scam Alert
Beware of vishing or voice phishing scams that appear to be from financial institutions. If you receive suspicious phone calls asking you to provide your confidential information, you need to be on guard. It could be an attempt to get access to your account or […]
View moreTEG Retirement & Advisory Services – The Charitable IRA Transfer
If you are age 70½ or older and charitably minded, you may wish to consider tapping your individual retirement account (IRA). The qualified charitable distribution (QCD), also known as an IRA charitable rollover, allows you to donate up to $100,000 per year to qualified charities. […]
View moreTEG Retirement & Advisory Services – A Woman’s Guide to Health Care in Retirement
At any age, health care is a priority. But when you retire, you should probably focus more on health care than ever before. That’s why it’s particularly important for women to factor in the cost of health care, including long-term care, as part of their […]
View moreTEG Retirement & Advisory Services – Light at the End of the Brexit Tunnel
The debate over the United Kingdom’s (U.K.) withdrawal from the European Union (EU), or Brexit, is reaching another milepost in what could be an action-packed week. Talks between the U.K. government and the EU have entered “tunnel” negotiation mode, in which all details of behind […]
View moreHappy NCSAM!
Held every October, National Cybersecurity Awareness Month (NCSAM) is a collaborative effort between government and industry to raise awareness about the importance of cybersecurity and to ensure that all Americans have the resources they need to be safer and more secure online. NCSAM 2019 will […]
View moreTEG Retirement & Advisory Services – Essential Tax Tips for IRAs
Woe to the taxpayer who runs afoul of the numerous and confusing IRA rules. There are forms to file, contributions to make, distributions to take, and penalties to avoid. While corrections are possible, it’s best to avoid mistakes in the first place. Here’s what you […]
View moreTEGFCU Retirement & Advisory Services- Can The Economy Predict The Next President?
“The economy, stupid” — Phrase campaign strategist James Carville used to help Bill Clinton get elected in 1992. As Carville noted ahead of the 1992 election, the recession in 1990 and 1991 was top of mind for many voters as they headed to the polls […]
View moreTEG Retirement & Advisory Services – The Sandwich Generation: Juggling Family Responsibilities
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 […]
View more10 Investor Terms That You Should Know
If you’re new to investing, you may encounter some unfamiliar jargon. Understanding the following terms may help you become a more confident investor. Portfolio An investment portfolio is a collection of investments owned by an individual or an institution. Typically, a portfolio comprises a mix […]
View moreRetirement Blog – Cracking the Nest Egg: When Accumulation Becomes Distribution
It’s a big transition when you leave the workforce to live off your savings, requiring an attitude adjustment in both you and your advisor. Here are the issues to consider when time, compounding, and conventional investment principles no longer work in your favor. Retirement planning […]
View moreTEG Retirement & Advisory Services – Trade Uncertainty Still Weighing on Capital Investment
Business investment remains a critical component for this economic expansion. Capital expenditures (capex) drive productivity gains (more output per hour worked), which enables economic growth while keeping inflation contained. That helps keep the Federal Reserve (Fed) at bay. We received an important data point on […]
View moreTEG Retirement & Advisory Services – Plan Ahead for the Holiday Budget Crunch
Every year, millions of Americans celebrate the holidays with traditions such as throwing parties and buying gifts for family and friends. Unfortunately, many also participate in a tradition that lands them in debt — spending more than they can afford. This year, break the buy-now, […]
View moreTEG Retirement & Advisory Services – Five Strategies for Tax-Efficient Investing
As just about every investor knows, it’s not what your investments earn, but what they earn after taxes that counts. After factoring in federal income and capital gains taxes, the alternative minimum tax, and any applicable state and local taxes, your investments’ returns in any […]
View moreTEG Retirement & Advisory Services – Is a Trade Deal Still Possible?
We’re a week into August, and trade tensions have been the biggest driver of U.S. stocks, as we predicted in our latest Weekly Market Commentary. Markets don’t like uncertainty, and we are getting a heavy dose of it now. On August 5, the S&P 500 Index […]
View moreTEG Retirement & Advisory Services – U.S. Yields and a Rate Cut
It could be a momentous week for U.S. monetary policy and the Treasury yield curve. The Federal Reserve (Fed) is expected to cut its policy interest rate for the first time in 10 years July 31. As shown in the LPL Chart of the Day, […]
View moreTEG Retirement & Advisory Services – Five Things to Do Before Meeting With an Advisor
Americans’ financial lives are increasingly complex. It’s not unusual to have checking and savings accounts, a 401(k), IRAs, and other personal investments. Keeping track of all your savings and investments has prompted many individuals to seek guidance. If you are part of this growing majority, […]
View moreRetirement Planning Expectations vs. Reality
You can’t always envision what will happen in your “second act.” Just as few weathercasters can accurately forecast a month’s worth of temperatures and storms, many retirees find their futures unfolding differently than they assumed. Your assumptions may be tested as well. You may retire [...] View more
TEG Retirement & Advisory Services – Smart Financial Moves in Your 40s and 50s
These crucial years call for action. Today, retirement may seem nearer to you than it once did. The following moves might be worth making—and soon. Catch-up contributions to your retirement accounts. Starting in the year you turn 50, you may make a total of $1,000 […]
View moreTEG Retirement & Advisory Services – Staying on Track with Your Retirement Investments
Investing for your retirement isn’t about getting rich quick. More often, it’s about having a game plan that you can live with over a long time. You wouldn’t expect to be able to play the piano without learning the basics and practicing. Investing for your retirement […]
View more529 Plans vs. Other College Savings Options
529 plans can be a great way to save for college, but they’re not the only way. When you’re investing for a major goal like education, it makes sense to be familiar with all of your options. Mutual funds Mutual funds are an option to […]
View moreThe time is now, Gen X!
How would you guess Gen X is faring when it comes to retirement saving? Those born between 1965 and 1980 are approaching what should be their peak income years, and many of them have actively contributed to workplace retirement plans, IRAs, and investment accounts. At […]
View moreWomen & Life Insurance
Why don’t women who need life insurance have life insurance? Written by Maggie Meskhi These myths may be getting in the way. Here’s the scenario: You have other people — maybe kids, maybe an older parent — depending on your income, the care you provide […]
View moreInstagram @tegfcu
Work hard, play hard! We are now on Instagram (also known as IG or Insta). Follow us and see all of the fun that we’re having!
View moreMillennial Parents Pay Rent & Bills
Today’s Feature Article: Here’s how many millennials get help from their parents to pay rent and other bills Roughly a quarter of Millennials (ages 25-34) receive some kind of financial support from their parents due to carrying more debt than previous generations did at their age. […]
View more50th Celebration Special Offers
We are focused on providing members with sound affordable financial services to make their lives better. Please visit our Special Offers page or call us at 845-452-7323 to take advantage of our Special Celebration Offers, available for a limited time during 4/22/19-5/31/19.
View moreTaste of Country Ticket Stop
Great country music can drive summer and this ticket giveaway contest has tickets for you to attend this year’s Taste of Country Music Festival. Stop by the following branches on the specified date for your chance to win! Branch TOC Stops Thursday May 2: Commerce […]
View moreCheers to 50 Years!
Did you miss our 50th Annual Meeting & Celebration on March 30? You can view photos from the event along with our Annual Report and the Chairman of the Board’s Message by visiting www.tegfcu.com/50-years.
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Local Reviews Can Help Your Business Rank Higher In Local SEO
Written by Karina Tama-Rutigliano Many facets go into a marketing strategy, and that’s what makes it so interesting. Marketers need to think about who their clients are and what their online search and shopping habits are. They also have to keep a keen eye on […]
View moreHow Family Business Owners Should Bring the Next Generation into the Company
Written by Sam Bruehl & Rob Lachenauer “Go find your passion,’’ Henry directed his children when they reached their late teens and early twenties. “Find your interests outside our family business and pursue them.’’ As inspiring as those words may have been, Henry, the patriarch […]
View moreYou don’t have to be wealthy to put this estate plan into place
Written by Darla Mercado Rich people aren’t the only ones who need a will. Without this legal document your state’s laws will govern how your assets are distributed. Families with young children can add a clause naming a guardian in the event you and your […]
View moreHow small business owners can take advantage of the new tax law before it’s too late
Written by Bill Bischof First-year bonus depreciation has been around for a few years, but the Tax Cuts and Jobs Act (TCJA) installed much more generous (but temporary) bonus depreciation rules. Here’s what small business owners need to know to cash in on the new […]
View moreMillennial women may be on a collision course with financial disaster
Written by Jill Corfield Millennial women seriously lag men in their financial aspirations, compared with data from the same study two years ago. The reasons for this gulf include social media, career goals and family priorities. This financial gap could mean women are setting themselves […]
View moreWhat Surprises Boomer Women Professionals When They Retire
Authors Karen Wagner & Erica Baird We are women on the leading edge of the wave of boomers who have worked for decades and are now starting to retire. We knew, way back in our brains, that one day we would retire. As the date […]
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