Money Minutes | General Electric Credit Union Blog | Financial Resources

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...


A Guide to Guardianship and Other Legal Alternatives

Aug 5, 2021 | 4 minute read

Guardianship establishes legal authority to make decisions for someone else. This could be for an adult unable to care for themselves or a child whose parent(s) can’t care for them. Guardianship...


Wills Are Important, But Do You Really Know Why?

Jun 24, 2021 | 2 minute read

You’ve likely heard how important wills are, but do you really know why? This post examines the reasons this document is so vital. Understanding its importance may spur you into action to protect...


Dementia and Money: What Caregivers Should Know

Jun 15, 2021 | 4 minute read

June is Alzheimer’s Awareness Month. Gain insight into the important topic of dementia and money management in this quick guide.

If your parent or loved one has Alzheimer’s disease or another type...


Do You Know the Best Option for Structuring Your Business?

May 17, 2021 | 3 minute read

Do you have an amazing idea, but you’re not sure where to start when it comes to structuring the business? First off, congratulations on your new venture! Below are four different structure types and...


Checklist for What to Do When a Loved One Passes

Apr 16, 2021 | 5 minute read

When a loved one passes away, the following days can feel surreal. While you grapple with the emotions a loss brings, there are also legal and personal matters to tend to, such as closing a bank...


The Ultimate Guide to Estate Planning

Mar 31, 2021 | 10 minute read

An estate plan maps out how you want your personal and financial affairs to be handled in case of incapacity or death, and how those strategies will be implemented to fulfill your wishes. There is no...


How to Leave Behind the Legacy You Want

Jan 3, 2020 | 6 minute read

You've worked hard over the years to accumulate wealth, and you probably find it comforting to know the assets you leave behind will continue to be a source of support for your family, friends, and...


Medicaid and the Treatments of Gifts by Medicaid

May 9, 2018 | 2 minute read

Medicaid will pay for long-term care in an “approved” skilled care facility. In fact, Medicaid pays for most of the long-term care in this country.


What Is a Living Will and How to Create One

Apr 23, 2018 | 2 minute read

Living Wills contain instructions regarding medical treatment in the event of terminal illness or permanent unconsciousness. They must be signed in the presence of two witnesses OR a notary. The...