URW Community Federal Credit Union

 Your 2021 Personal Finance Checklist!          Welcome to 2021! The year 2020 was a struggle for most people due to the pandemic and many other uncertainties. We know that mastering personal finances can be tough even in the best circumstances, so with all that 2020 brought us, it was harder than ever. But fear not, as America and its people will prevail. We will learn from what we have been through. Here at URW we would like to help everyone learn and become better at managing their personal finances. We offer the proper tools and products to help you achieve the goals you desire. So let's start with the basics.  1.   Review Your Spending and Automate Your Savings.          Okay, got it, but how?       URW has several tools with online banking to help you monitor and review your spending, as well as automate your savings. Go to our website:  https://www.urwfcu.org/ -> Visit Netbrach ->...

  Which IRA is Best for Me?                 Before we begin, you may be wondering what an IRA is. IRA stands for Individual Retirement Account. These accounts provide a way for individuals to save for retirement while receiving tax breaks for doing so. While there are several different types of IRAs. The two most popular are the Traditional IRA and the Roth IRA.               The Traditional IRA has rules set up like a 401K. Traditional IRAs are tax deductible, meaning that if someone were to put $6,000 into their Traditional IRA, then they can deduct that $6,000 from their taxable income at the end of the year. When you begin to withdraw from your Traditional IRA at retirement, you will pay income taxes on the withdrawals. The majority of people who have these will be in a lower tax bracket when they retire. This benefits them, as they will have to...