When the time comes to retire, will you be ready?
You’ve probably heard that you should have saved at least $1 million to $1.5 million, or 10 to 12 times your current income. If you’re thinking about retiring, experts say to start planning well in advance of the actual date. You’ll need to think about how much money you’ll need each year after retirement, where you will live, and how long you might live, based on your current health status. Estimating longevity is challenging, but surprisingly, a 65-year-old today might live to be 95!
After the busy, hectic holidays (Thanksgiving, Christmas and New Year), you may experience what’s known as “post-holiday blues” – a term used to describe the melancholy some of us may feel after the revelry has subsided.
Weather-wise, January and February can be cold, fickle months and one might be inclined to hibernate and become less socially active, compared to the whirlwind of family and friends experienced around the winter holidays. What better way to help break out of those doldrums and get out of the house than giving back to your community. After all, you’ve just spent the last couple months constantly being involved and affable. Make an effort to lift your spirits by continuing to be around others and getting out and doing activities you enjoy.
Becoming a credit union member certainly does have its advantages. One of the best New Year’s resolutions you could make for you and your family is to join VacationLand Federal Credit Union.
Did you know that credit unions offer the same products and services as any other financial institution? We offer a wide variety of savings, checking and loan products, as well as convenience services like e-statements, cashier’s checks and money orders, Co-Op Shared Branching, free notary service, safe-deposit boxes, payroll deduction, night depository, online banking, telephone account access, RDC (Remote Deposit Capture), our new mobile app, and EasyPay bill payment. However, that's where the similarities end.