Life & Finances
What Is a Certificate of Deposit? Understanding the Basics and Benefits
Learn what a certificate of deposit is, its benefits, and how to maximize your earnings with Sound Credit Union. Continue reading
What Are the Tax Implications of Investing?
Taxes and retirement can be overwhelming, but that shouldn’t scare you away from investing in your future! Once you understand the tax advantages and disadvantages of different investment types, you’ll be able to set yourself up for a stress-free retirement. Continue reading
Investing for Beginners
Investing can be daunting, but understanding the terminology, what it means to invest, and what type of investment is right for you can help demystify a powerful tool for financial security. Continue reading
What Are The Best Strategies for Retirement Investing?
There are so many ways to invest in your future, but it can be overwhelming to consider all of them and figure out what’s best for you. Check out a few potential strategies and weigh the implications to get started today! Continue reading
How Much Should I Save vs. Invest?
If you’re lost when it comes to figuring out where your money should go, understanding how to prioritize saving and investing is the first step. While the most important thing is making sure your plan makes sense for your life, there are some general guidelines for responsible saving. Continue reading
How Do High-Yield Savings Accounts Work? What You Need to Know
Many savers ask, how do high-yield savings accounts work? Discover the answer here and see how Sound Credit Union can help you grow your savings. Continue reading
A Sea of Savings: Credit Union Youth Month
Teaching financial literacy skills in childhood is the best way to set your child up for financial success. Check out these activities to help your child understand basic financial concepts! Continue reading
What Tax Benefits Are Available for College Savings?
Saving for a child’s education is at the forefront of many new parents’ financial concerns, but navigating savings plans can be daunting. A 529 plan is a tax-advantaged option to maximize your savings and save your child from a major source of financial stress down the road. Continue reading
What Retirement Accounts Offer the Best Tax Advantages?
Retirement contributions are a great way to give your future self financial peace of mind, but figuring out the best plan for you can be a headache. Learn about different types of retirement plans, their tax advantages, and how to maximize your contributions. Continue reading
How Can I Reduce My Taxable Income?
From business expenses to savings contributions and charitable donations, your strategic financial planning throughout the year can help you save money when tax season rolls around. Continue reading