The Gift of Investment Savings

The holidays are quickly approaching. Consider celebrating the season by giving a gift of investment savings to your young loved ones. Cash and investment securities are always a welcome gift, especially when the purpose is as well defined as paying for college, a wedding, or a home. Intelligent gift giving maximizes tax benefits to the … Continue Reading

The Transition into Full Retirement

Your full retirement has arrived! Let’s take a look at how to transition to living solely on your retirement income and savings. If you’re like many seniors, you may have postponed your full retirement, perhaps by working or consulting part time. Transitioning to a work-free life can be exhilarating yet worrisome, but you have options. … Continue Reading

The Cost of Relocating

It’s natural to consider relocating for retirement. But financially, moving after retirement can sometimes be a big risk. You’ve worked hard and built a retirement nest egg that could finance a move to another place. Such a move could be a financial plus, or it could potentially drain your savings and shortchange your future. Take … Continue Reading

Pretend You’re Retired for a Month

  Lessons to learn from this experiment on being retired. Retirement is ideally a happy time of your life, freeing you up to do things you’ve long postponed. However, the prospect of being retired can also cause stress if you’re not sure you have enough money to retire in the lifestyle you’d like. We suggest … Continue Reading

More Women Drive Financial Decision Making, But Fewer Seek Professional Advice

By default, single women have always taken responsibility for managing household wealth and financial decision making, but the latest in a series of ongoing studies into the attitudes and actions of women around financial topics found that an ever-increasing percentage of married women are taking charge of financial and retirement planning for their families. Prudential’s … Continue Reading

Evaluating Professional Advice: 11 Questions to Answer Before You Commit

Obtaining and evaluating professional advice is a significant step and should not be approached lightly. As with investors and their objectives and constraints, professional advisors also differ in their philosophy, processes, services, education, experience, and their ability to add value.   Professional advisors work in many fields and hold various titles, such as investment advisor, … Continue Reading

You and Your Investment Representative: A Relationship of Trust

Perhaps your doctor, lawyer, and accountant are trusted advisors. Through years of working with them, they have come to know your family and your particular needs. How about your investment representative? Have you built the same kind of trusting relationship with him or her? Your investment representative could be a resource to tap for financial … Continue Reading

Avoid These Financial Traps — They May Be Hazardous to Your Wealth

Money. It’s hard to get and easy to lose. It doesn’t take long for the wealth you’ve accumulated to disappear if you don’t manage your money well or have a plan to protect your assets from sudden calamity. Snares like the ones mentioned below could easily threaten your financial security so avoid these financial traps. … Continue Reading

Your Emergency Fund: How Much Is Enough?

Our goal is to provide you with the education which can help you understand and better define your financial goals for the future. Our financial professionals are here to provide the guidance to pursue those goals. For many, understanding every aspect of personal finance can be daunting. From investments to retirement to insurance, the decisions … Continue Reading

Getting a Head Start on College Savings

Our goal is to provide you with the education which can help you understand and better define your financial goals for the future. Our financial professionals are here to provide the guidance to pursue those goals. For many, understanding every aspect of personal finance can be daunting. From investments to retirement to insurance, the decisions … Continue Reading

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The views, opinions, and ideas articulated in this blog are just that, and should not be construed as financial or legal advice. The writers of these blogs are educated on the topics they are writing about, but they are in no way licensed financial advisors or registered investment advisors. Diamond Credit Union is not responsible for any actions a person may take as a result of the information they read in one of our blogs.