Check Your Tax Withholdings
Now that we’re halfway through the year, it is a good time to check in on your taxes being withheld. Particularly if you have experienced (or will have) a major milestone like a birth, marriage, or retirement, it’s a good idea to make sure you’ve taken that into account. Speak to your accountant or check the IRS or TurboTax’s withholding calculators to get a ballpark. If adjustments need to be made to keep you from owing more than expected come tax time, now’s the time to make those changes.Jump on a Recreational Vehicle Purchase
Before the summer days fade away, look for end of season discounts on boats, jet skis, RVs, or ATVs. You may find individuals selling their used summer vehicles, or buy new and squeeze several more weeks of fun out of your purchase. South Metro Federal Credit Union offers recreation vehicle loans at great rates, so let us know how we can help!Do a Mid-Year Check on Your Investment Portfolio
Check in with your advisors to see how your portfolio is performing so far this year. It’s good time to see if they’d recommend any changes in how your investments are allocated for the remainder of the year. Don’t have an investment portfolio? South Metro provides investment services through our broker dealer CUSO Financial Services, and we’d be happy to help you get started.Let Your Bank Know When You’re Traveling
If you’re planning a trip out-of-state or abroad, it’s a good idea to let your credit card companies or banks know that you’ll be using your cards from a different location (and may be spending more than normal). This will alert them to a change in your activity so you don’t mistakenly get flagged for fraudulent purchases or face any disruption in access to your money. And yes, go ahead and buy that hand-made cuckoo clock or alpaca rug.Do Some of Your Holiday Shopping Now
Department stores and many retail shops experience a serious lull in the summer and have the sales to prove it. Make a trip to the mall, soak in the A/C, enjoy light crowds and eager salespeople, and snatch up those holiday gifts during the offseason.Enjoy the sun, warmth, and being financial savvy this summer. And contact us at South Metro Federal Credit Union with any questions or to join our financial family.
