Money Minutes | General Electric Credit Union Blog | Financial Resources

Annual Market Review 2021

Jan 6, 2022 | 18 minute read

The year 2021 was one of extreme change. January saw the inauguration of President Joe Biden, but not before protesters sieged the United States Capitol. Despite the initial tumult, the year began...

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How to Start Generational Wealth

Dec 16, 2021 | 5 minute read

Generational wealth is much more attainable than you might think. It’s not just passing on a second home or a multi-million-dollar inheritance, because the term includes any financial assistance or...

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The Markets (As of Market Close October 29, 2021)

Dec 3, 2021 | 13 minute read

October proved to be one of the best months for equities in 2021, with each of the benchmark indexes listed here enjoying solid gains. The S&P 500 had its best month since November 2020. The Nasdaq...

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Too Hot to Handle: What's Ahead for the U.S. Housing Market?

Oct 22, 2021 | 6 minute read

The U.S. housing market, already strong before the pandemic, has heated up to record levels in 2021. The Case-Shiller U.S. National Home Price Index, which measures home prices in 20 major...

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5 Important 401(k) Terms You Should Know

Oct 12, 2021 | 3 minute read

Learning is a science. Before your brain can really comprehend a concept, it first needs a solid foundation. Understanding 401(k)s is no different! Building your vocabulary will help you fully absorb...

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Choosing a Beneficiary for Your IRA or 401(k)

Sep 15, 2021 | 6 minute read

Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. With retirement benefits, you need to know the impact of income tax...

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Mid-Year Is a Good Time for a Financial Checkup

Sep 1, 2021 | 3 minute read

The first half of 2021 is behind us, and a mid-year financial checkup may be more important than ever this year. Here are some ways to make sure that your financial situation is continuing on the...

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Retirement Confidence Remains Strong, Despite Pandemic

Jun 8, 2021 | 4 minute read

Despite the economic shock of the coronavirus pandemic, American workers and retirees remain largely optimistic about their financial prospects for retirement.

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Creative Ways to Lower the Cost of College

May 25, 2021 | 6 minute read

Even with endless hours of researching financial aid options and smart school shopping, college costs may still be prohibitive. At these prices, you may expect to make substantial financial...

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