Money Minutes | General Electric Credit Union Blog | Financial Resources

5 Holiday Scams Retirees Should Know About

Nov 10, 2021 | 5 minute read

Unfortunately, there are a lot of criminals on the naughty list this year for attempting to swindle retirees. Educating yourself on common fraud tactics is the best way to protect yourself and your...


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...


The Basics: Medicare Part A and B

Sep 24, 2021 | 3 minute read

Grab a note pad and settle into a comfy chair, because it’s time to go over the basics of original Medicare! Familiarizing yourself with the ins and outs will help you properly plan and finance...


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...


Why You’re Not ‘Too Old’ to Buy Your Dream House

Aug 1, 2021 | 5 minute read

While many seniors downsize to more modest living accommodations, you may have your eye on an upscale condominium in a walkable part of downtown, or a turn-key ranch on sprawling acreage. You’ve...


Must-Have Saving Tips for Empty Nesters

Jul 27, 2021 | 3 minute read

The baby bird has flown the coop. Whether your child moved out to go to college or start a career, it may feel strange for you to make the transition to becoming an empty nester. Embrace the change –...


Break Free from Loan Payments

Jul 5, 2021 | 3 minute read

What does financial freedom mean to you? Paying cash for a new car, or the freedom to make decisions without worrying if you can afford it? The definition differs from person to person, but it...


Sweetheart Scams: What Seniors Should Know

Jun 29, 2021 | 2 minute read

Being human comes with a desire to connect with others. Unfortunately, some fraudsters use this to their advantage to scam people out of money or personal information. This tactic is known as a...


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...


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.