Last updated 2 days 20 hours ago
A lot of people wonder when they should start saving for retirement. The answer is immediately. It doesn’t matter how young you are, it’s never too early to start putting money away for retirement. And if you’re worried that you’ve waited too long, it’s never too late to secure your financial future. If you don’t how or where to start, here’s what you need to know about kick starting your retirement savings.
Enroll in Automatic Deductions
If you have a hard time parting with your money, you may find it beneficial to sign up for automatic deductions so that the decision to save is out of your hands. If your company has a 401(k) program, enroll in automatic deductions. You can also set up automatic transfers from your checking account to your IRA.
Diversify Your Savings
To yield the best possible return on your savings, try to diversify your retirement portfolio as much as possible. In addition to investing in your company’s 401(k) program up to the limit of its matching program and contributing the maximum to your IRA, research precious metal investments and even real estate opportunities to get the most out of your retirement savings.
Talk to a Professional
Saving for retirement can seem daunting, but it’s actually quite easy once you know what you’re doing. If you don’t know where to begin or the best way to save for retirement, speak with a financial advisor at your local credit union.
If you have questions regarding retirement savings, contact Westmark Credit Union. We have 10 convenient locations throughout the Idaho Falls area, and our representatives are happy to answer any questions you have about our high-yielding IRA Savings Account and IRA Term Certificates. For additional information about our rates or about becoming a member, call Westmark Credit Union at (208) 523-1071.
Last updated 12 days ago
It doesn’t matter whether you take out a small personal loan or a giant mortgage, all loans require that you repay what you borrowed plus interest. With all of the other financial obligations you have each month it can be hard to repay a new loan. However, falling behind on a car loan or mortgage can end up costing you hundreds or even thousands of dollars extra in interest fees and penalties. To help you stay afloat, here are some easy ways to manage your loans.
Avoid New Debt
It can be hard enough to manage one or two loans on top of your normal bills. To make sure you can meet all of your financial obligations, avoid new debt whenever possible. And if you need to take on debt to cover an emergency, use a low-interest credit card or take out a low-interest personal loan from your credit union.
Schedule Automatic Payments
In order to avoid falling behind on your loans, make sure to make payments on time and in full. If you have multiple loans, or if you simply have a hard time remembering when your payments are due, schedule automatic payments through your credit union. Some loan providers even offer reduced rates if you link your checking account and sign up for automatic payments.
Pay More Than the Minimum
If you find yourself with a bit extra income at the end of the month, think about applying it towards your debt. Paying more than the minimum each month will help pay down your principle balance faster, which can save you hundreds or even thousands of dollars over the life of your loan.
When you join Westmark Credit Union, you will have access to some of the most competitive loans, including car loans, home loans, and even personal loans. Visit our website to see our current loan rates, or call us at (208) 523-1071 to speak with one of our loan experts. You can also visit one of our credit union branches located in Idaho Falls.
Last updated 24 days ago
A lot of drivers are surprised to find out how difficult it can be to finance an off-road vehicle. That’s because a lot of financial institutions won’t take the risk of underwriting a loan for a vehicle that could very well be totaled in an off-roading accident. Fortunately, Westmark Credit Union isn’t like most financial institutions. We offer competitive interest rates for off-road vehicle loans ranging up to 72 months. Whether you’re shopping for four-wheel ATVs, dirt bikes, snowmobiles, or sand buggies, visit Westmark Credit Union.
If you are not yet a member of our highly-rated credit union, visit our website or call us at (208) 523-1071 to learn how you can join Westmark Credit Union. You can also visit one of our 10 credit union branches conveniently located in Idaho Falls and the surrounding area.
Last updated 1 month ago
Everyone agrees that it’s important to save money, and yet very few people are actually very good at it. There are a lot of reasons why people have difficulties saving money. For one, most people think of money in very general terms, which makes it hard to sacrifice tangible goods (electronics, clothing, cars, etc.) for extra money in the future. There is also a psychological dilemma that most people experience, in which the present is much more important than the future. To learn more about these and other difficulties people face when saving money, watch this short video presentation featuring behavioral economist Dan Ariely.
If you want to take control of your finances, Westmark Credit Union can help. We offer competitive interest rates on our high-yield checking and savings accounts. We also offer some of the most competitive home and auto loans in Idaho Falls. To learn more about the benefits of joining Westmark Credit Union, visit our website or call us at (208) 523-1071.
Last updated 1 month ago
Whether you’re buying a car that’s brand new or newish, shopping for a vehicle can be a frustrating experience, especially if it’s your first time. In reality, car shopping is much more manageable (and a lot less scary) when you break it down into its most important steps: financing, research, and the test drive. To make sure you find the perfect new or used car, here are some important car shopping tips.
Before you start shopping for a new or used car, try to secure financing through your bank or credit union. Being pre-approved for a car loan gives you more bargaining power at the dealership, and also helps you set a realistic budget and avoid buying a vehicle that is out of your price range.
Narrow Down Your Choices
Once you find a great rate on a new car loan, it’s time to narrow down your choices. Start by deciding on what type of vehicle you are interested in, be it a pickup truck, SUV, sedan, or coupe. Next, decide what features are important to you. You may even want to limit your search to your top three or four favorite automakers.
Do Your Homework
When you have a manageable list of vehicles you are considering, it’s time to do your homework. Research crash safety performance, fuel economy ratings, awards, and driver reviews from various online resources.
Westmark Credit Union is proud to offer EagleOne Financing to our members. With EagleOne Financing, you will be guaranteed one of the most highly-competitive interest rates in Idaho Falls on your new car loan. If you are already a member of Westmark Credit Union, visit our website to see our list of participating dealerships. If you are not a member, call us today at (208) 523-1071 to learn how you can take advantage of our great loan rates and services.