Skip to main content

CDC FCU Blog

Rolling Over Funds from an Employer Retirement Savings Plan: What You Need to Know

Posted in Saving, Investing & Retiring on December 31, 2018

Why consider a rollover?
When you roll over a distribution from a 401(k), 403(b), or governmental 457(b) plan, you generally don't pay any taxes until you receive a distribution from the new plan or IRA. If you take a distribution but don't roll it over, it will be subject to federal (and possibly state) income taxes (except for any after-tax contributions you've made); and if you haven't yet reached age 59½, you may also be subject to a 10% early distribution penalty tax unless you're eligible for an exception.1 If you take a cash distribution, you're also foregoing any further tax-advantaged growth; and if you spend the funds, you may not have sufficient assets to last throughout retirement.

Continue Reading

Breast Cancer survivor gets special support as he helps others fight the disease

Posted in Beyond Finances on October 19, 2017

You often hear that most everyone has been touched by cancer in some way – through a friend, a relative, or perhaps your own cancer journey. For the associates at CDC Federal Credit Union, it’s one of their own, Eric Dunlap, vice president of real estate lending.

Continue Reading

Practical ways to practice gratitude

Posted in Beyond Finances on October 18, 2017

Here we are at Thanksgiving, a time when many people stop and give thanks for their many blessings. And lately there has been a lot of talk about how the act of being grateful can affect one’s overall well-being. I

Continue Reading

Back to School Survival Guide

Posted in Spending & Managing Money on June 1, 2017

While summer is now in full swing, before you know it the kids will be back in school. So as parents, how can you help your child prepare for the first day of school? Here are just a few ideas that may help make the transition from the lazy days of summer to the routine of the new school year a bit easier.

Continue Reading

Back-to-School Tech for Your Children

Posted in Spending & Managing Money on June 1, 2017

It's increasingly common to find classrooms filled with the blue hue of computer and tablet screens. Early education or postgraduate work, there's a shift towards technology-driven, or at least technology-aided, schooling.

Continue Reading

Leasing vs. Buying Your Next Car

Posted in Beyond Finances on May 24, 2017

According to Edmunds.com, more than 25 percent of new American cars are now financed by lease instead of loan, and most of the people making that choice are under the age of 35.

Continue Reading

|<  <  1 2 3 4 5 6 7 8 9  >  >| Pages: 9 of 9