Dade County Federal Credit Union’s Post

Name: Dade County Federal Credit Union on LinkedIn: #dcfcu #pearlsofwisdom
Uploaded: 2023-09-05T19:16:53.788Z
Channel: Dade County Federal Credit Union

Dade County Federal Credit Union

2,155 followers

10mo

The best time to start investing is now! In this episode of Pearls of Wisdom, we're talking about the different ways and accounts you can use to invest for the future. We have a variety of accounts that can help you reach your financial goals, including: •401(k): A retirement savings plan that allows you to save money from your paycheck before taxes are taken out. •IRA: An individual retirement account that allows you to save money for retirement on a tax-deferred basis. •Certificate of Deposit (CD): When you want a guaranteed return on your money, put your savings into a high-yield CD. •Money Management: This account keeps your funds liquid and flexible while strengthening the earning potential of your hard-earned money. No matter what your financial goals are, we have an account that can help you reach them. Contact us or stop by today to learn more about our investment options! #dcfcu #pearlsofwisdom

Transcript

Personally, I always wanted to be. I always look to the future. I was always concerned because my parents didn't have the opportunities that I have personally right now. And for a lot of us, we fall in that same category. And we may have seen all parents struggle at times to make ends meet or to send us to college or to help us with that first car or or for whatever it is. Because as parents, the older generation or our parents, they weren't big on loans. They tried to to minimize the debt that they incurred. But for us, we have a lot more financial tools that can help us. So growing up and even while I was in my first and second jobs, I always consider that at some point in time I'm going to retire and I am personally going to be responsible for making sure that I can make ends meet at that point in time. I also have children and so. Because they were born and as they started growing, I personally made sure that I had a living in Florida. I had the Florida prepaid program, which right now is helping us tremendously. I always also made sure I had individual accounts for for for my four children, that I contributed a small amount every time I got paid. And it was automatic. By the way, that's the best way to do it, to have these automatic deductions come out of your account and be placed in these accounts for your minors and a lot of financial institutions, indeed County Federal Credit Union in particular. We offer what we call these individual special accounts and you can actually create a number of them. Or create one for each of your dependents for each of your children and contribute A portion of your your salary on a biweekly basis or on a monthly basis. And you would be surprised how significantly these investments or these savings accounts will continue to increase over time.

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Dade County Federal Credit Union’s Post

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