Money Connection Spring 2018

MONEY CONNECTION Shopping for a Mortgage?...................................................................................2 Direct Deposit Your Tax Refund ...........................................................................3 Car Buying Service ................................................................................................3 An Estate Planning Checklist................................................................................4 Is Public Wi-Fi Safe to Use? ..................................................................................5 Federal Government Initiatives Designed to Help You Reach Retirement ............6 Coca-Cola Credit Union Quarterly Member Newsletter | Spring 2018 STAGES THROUGH THE AGES WE’RE HERE FOR YOU S PR I NG Money management priorities may ebb and flow throughout the years depending on your life stage. But regardless of your age or stage, Coca-Cola Credit Union is here to help you make the most of your hard-earned dollars. Here is what that may look like: In your 20s • Build a solid credit history through the wise use of credit cards. • Open an emergency savings fund of up to 6 months’ living expenses. • Begin saving for retirement through your employer-sponsored retirement plan. In your 30s • Become a homeowner, which allows you to build equity for future borrowing needs. • Make sure you have adequate insurance coverage, including life, home, auto, health and disability. • Open college savings accounts if you have children. In your 40s • Seek financial planning guidance through a financial advisor. • Review your insurance coverage to make sure it is keeping pace with changing life circumstances. • Establish a will and estate plan for the distribution of your property and assets. In your 50s • Consider paying off your mortgage and other consumer debt. • Maximize your savings for retirement by using catch-up provisions. • Consider downsizing your lifestyle by selectively reducing spending. In your 60s • Switch a portion of your investments to lower-risk options that produce income. • Check into affordable health care options and long-term care insurance. • Research reverse mortgages for possibly tapping your home’s equity. Turn to us Planning ahead to accommodate life’s potential changes is key. A professional at CCCU can help you with appropriate financial products and services for your stage of life. Call (404) 676-2586 within metro Atlanta or toll-free at (877) 277-2586 outside the metro Atlanta area or visit us today.

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