Hi Everyone,
Over the past couple weeks my nose has been running. At first, I thought it was a cold but then I recognized it for what it was; allergies. This winter has been so mild that the pollen is already out. There are still several more weeks of winter as I write these words so who knows what will happen. But I’m already making plans for the next growing season. I’m going to build one more raised bed and I’m going to try my hand at composting. I’m excited about the prospects for another great year in the garden. Gardening always brings me back to the topic of life event planning because in gardening you see the life cycle happen each year. As we plan for life events there are many facets we have to consider. I’d like to talk about two and two products that the credit union offers that can be of assistance.
It was about a year ago that I bought my house. Owning a house has many well documented financial advantages including the tax benefit, building of equity, and appreciation in the value of the house. But it also has some quality of life advantages as well. Before I owned my house I would have never dreamed of having a garden in my north facing apartment. The amount I was paying for my one bedroom apartment wasn’t all that much less than my house payments are. And now every evening I feel like I’m coming home. Are you a homeowner looking to refinance? Or is it time for you to take the plunge and buy your first home? After about a year in my house I know that buying a house is a decision you’ll never regret. The credit union does mortgage loans and home equity lines of credit at very competitive rates. We would love to help you with your mortgage, whether you’re refinancing or buying a house. Call Traci at 202-482-1924 or check out our website for information about mortgages and the whole mortgage process.
The second topic I want to talk to you about is retirement. We now have one more IRA investment product that I have to tell you about. It’s an IRA money market account. Recently I was talking about this product with someone who told me I was crazy. The reason is that our IRA money market account has a $100 minimum to earn the lower tier of our money market savings rate. That’s right, that’s not a misprint, only $100 and right now that rate is 2.95%. If you follow rates at all you already know that that our money market accounts have very good rates. In fact among financial institutions they can’t be beat. Why such a low minimum for such a high rate? Because retirement saving is something that is so critical to all of us and I have a feeling that many of us aren’t doing enough of it. With a minimum of only $100 and a great rate like 2.95%...hmm, maybe I am crazy.
Right now, not next week or next month or next year is the time to start planning for your future with a new house or a new retirement plan. Come on in to the credit union or give us a call and we’ll be happy to assist you with these plans. And yes, I’ve probably lost my mind but let me tell you, you’d be crazy not to take advantage of me, runny nose and all.
Till Next Time,