Regardless of age, planning for retirement is an important component of any long-term financial strategy. Through the benefits of modern medicine, people are commonly living well into their 80s and beyond. Coupled with the continuing uncertainty surrounding social security benefits, careful planning is vital to ensure adequate financial resources are available throughout retirement. At its

Credit Union accounts are similar to regular savings accounts, with added features designed to increase yields. Wayne Westland Federal Credit Union money market accounts offer exceptional flexibility and may prove to be the right choice for those who will not need to access their savings on a regular basis Money Market Features When considering money

With the long-term solvency of social security still in question, it is becoming increasingly important to plan for self-sufficiency in retirement. Regardless of age, IRA’s are a valuable tool provided to enhance retirement savings.  IRA and 401k Rollover services are available through Wayne Westland Federal Credit Union. IRA’s present substantial tax benefits compared to regular

Understanding how to properly manage money can be complex and often intimidating.  Financial counseling provides insight into many strategies that will help to reduce debt, raise credit scores, and increase savings. Usually offered through local Credit Unions, financial counseling introduces members to qualified, friendly people that are trained in a variety of financial disciplines. In

A certificate of deposit is an extremely safe financial instrument designed to provide a higher yield than traditional savings accounts. CD’s can be an attractive savings alternative if the account holder does not need immediate access to the funds. Understanding CD’s Unlike stocks, bonds, and mutual funds, CD’s are not subject to daily market fluctuations. 

Refinancing can provide relief from unmanageable payments and can add additional revenue to meet other monthly obligations. Refinancing can be utilized for an individual loan, or several loans can be consolidated into a single monthly payment. The actual process of refinancing a loan consists of securing a second loan and applying those funds to pay

A credit report is a reflection of an individual’s ability to manage money and debt. It serves as a tool for creditors to evaluate the credit worthiness of those seeking loans for a variety of purposes, including mortgages, vehicle loans, and revolving credit facilities. The combined record of activity in a person’s credit report results

The economy has had a negative effect on many things, including the process of acquiring an RV loan. It can be a challenge if you are not familiar with the loan process. What should one take into consideration when searching for the best RV loan possible? First, think about RV insurance, roadside assistance coverage, license

Shopping for used car loans can be as stressful as shopping for the car itself, and they can actually be more complicated than new car loans. Moreover, they pose a higher risk for the borrower. First and foremost, it is vital you take the time to assess the true value of the car. The lender

When shopping for an auto loan, there are several items to consider that directly relate to the total cost and general affordability.  Below are at least 3 topics to keep in mind: Interest Rate This will have a significant impact on the overall cost of the loan.  The interest rate can vary widely depending upon