Personal & Business Loans, Free Checking: Poughkeepsie, Newburgh, NY: TEG Federal Credit Union
Four million Americans are receiving their Economic Impact Payment in the form of a prepaid debit card — and many are mistaking it for junk mail. Last week, the U.S. Treasury Department and the Internal Revenue Service (IRS) began sending out Economic Impact Payments (EIP) […]
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Scammers are always looking for their next opportunity and what better time than a global pandemic? The FBI Internet Crime Complaint Center (IC3) has seen an increase in reports of online fraud during the COVID-19 crisis. Since many of us are staying at home and likely […]
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As the ongoing coronavirus pandemic continues to disrupt life and cancel plans across the world, people are finding creative ways to celebrate. From drive-by weddings to birthday car parades to virtual graduation ceremonies, there are so many ways you can celebrate while still maintaining proper […]
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Q: I’ve started wearing a face mask every time I go out, however, I’m finding these coverings to be less than comfortable. Is there any way around the irritations and discomforts of wearing face coverings? A: Face coverings have become an essential wardrobe component for […]
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Most years, Memorial Day is the unofficial kickoff to summer. Americans salute and honor the memory of our military heroes with grand parades, lively family picnics and crowded barbecues. But, this year, everything is different. Even as the country moves forward with the reopening process, […]
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The House of Representatives passed a $3 trillion stimulus bill on Friday, May 15, with a 208-199 vote. The more than 1,800-page legislation, dubbed the Health and Economic Recovery Omnibus Emergency Solutions Act (Heroes Act), would provide another stimulus check to qualifying Americans, extend unemployment […]
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The stimulus checks promised in the Coronavirus Aid, Relief and Economic Security (CARES) Act are starting to land in checking accounts and mailboxes around the country. The $1,200 granted to most middle class adults is a welcome relief during these financially trying times. Many recipients […]
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Over a few weeks, the talk about mortgages turned from how to best take advantage of record low interest rates to how to handle a mortgage without income. More than 22 million Americans have filed for unemployment in the past five weeks. Lenders are dealing with […]
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As part of the Coronavirus Aid, Relief and Economic Security (CARES) Act passed on March 27, the federal government is sending out $290 billion in stimulus checks over the next half a year. The first round of checks has made its way to millions of […]
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As many Americans now face the possibility of becoming delinquent on their debts and other bills, their credit scores could be adversely affected. Here are the steps people can take to ensure that they maintain as good a credit score as possible throughout the coronavirus […]
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Dear Friends, Without question, the last several weeks have been difficult for everyone. I’ve spoken to so many of you as we all look to better understand the new world that’s unfolding in front of us. Our commitment to keeping you well informed has never […]
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Here is list of resources for you to access on the current COVID-19 pandemic. Coronavirus (COVID-19) Reference Guide – This reference provides info, tips, and tricks for this global pandemic. Use it to learn the basics and to understand how to identify the symptoms of the […]
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Some of the financial terms flying around in the wake of the recently approved Coronavirus Aid, Relief and Economic Security (CARES) Act may be confusing. We have broken down some of the key components and how they relate to the COVID-19 pandemic. Deferred interest What […]
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Often, adult children need some money from their parents. But what do you do when your parents need financial help? You won’t be alone. According to a 2019 study by the Transamerica Center for Retirement Studies, 8% of Gen Xers and 3% of boomers say […]
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Our vibrant, animated country has been put on pause. Busy thoroughfares are now empty of pedestrians and previously crowded malls are eerily vacant, as millions of Americans shelter in place to slow the spread of the coronavirus. Forced leave of work has left many wondering […]
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Q: I’ve been planning to buy my first home this spring, and I’ve spent years preparing for this purchase. Now that the coronavirus has had a negative impact on the economy, I’m wondering if I should go through with my plans. Is it a good […]
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The coronavirus has already impacted the economy tremendously, and will likely continue to do so for a while. With all this uncertainty, it’s easy to fall into a panic and wonder if there are some concrete steps you should be taking to save your personal […]
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While COVID-19 is bringing new and difficult challenges to so many, the Credit Union philosophy is even more important than ever–“people helping people”. During this time of uncertainty we have seen countless community members step up to help their neighbors in need. Whether it be […]
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TEGFCU is committed to safeguarding the health of our members, staff, and volunteers. As we monitor the spread of COVID-19 (Coronavirus), we want to keep you apprised of our actions and policies to keep you protected. COVID-19, aka Coronavirus, is a respiratory illness that was […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 moreInvesting 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 […]
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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 […]
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Financing a home doesn’t need to be stressful. I’m here to help you find the right home loan to fit your needs. Whether it’s a purchase, investment property or a refinance, I strive to ensure the loan process runs efficiently and smoothly. My concentration on client comfort without […]
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Author Kimberly Lankford Young adults can stay on the family health policy until age 26. But if they go away to college and are outside the insurer’s network of doctors, families need to reconsider their insurance options. Q: My son is about to graduate from high […]
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on Business , Community , Debt Reduction , Financial Planning , Homeownership , Jobs , Life Events , Money Management , Retirement Author Jean Chatzky We have so much to learn — but so did they. Here’s what they’re doing right. Lately the headlines in personal finance have been pretty bleak — the average 2017 graduate has nearly $40,000 in student loans, millennial homeownership is down, and 39 percent […]
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Consider this your financial planning cheat sheet. Author Marianne Hayes Are you on track for retirement? Before you try to answer that question, consider this: The average 65- to 74-year-old, it turns out, spends close to $49,000 a year. If you’re wondering if your nest […]
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Sort through the misconceptions of estate planning to create a prosperous future for your family. Author Rachel Hartman While it may be a task that’s low on your to-do list, estate planning can provide guidance for your loved ones in the future. It will also […]
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