November 2005 Newsletter
Utah Insurance Department
Auto and homeowner insurance
HO & Auto Insurance Comparison Tables
National Flood Insurance, http://www.floodsmart.gov
Review your homeowners insurance policy. Is your deductible amount appropriate? Do you have actual cash value or replacement cost coverage on your personal property? Homeowners insurance does not cover flood or earthquake damage. Decide if you need flood insurance. All of Cache Valley is an earthquake prone area.
Are you still having too much tax withheld from your paycheck? The average federal income tax refund this year was $2,126, or just over $175/ month. Remember that getting a large tax refund means that you let the federal government use your money all year without paying you any interest. If you owe credit card debt at the average APR of 13% you would be much better off to adjust your income tax withholding using the W-4 form. Reduce the amount being withheld and use that money instead to pay down your credit card debt. If you do not owe any consumer debt but still receive a refund, adjust your withholding and have the "extra" money transferred automatically into a savings account. While most savings accounts pay 1% or less, on-line banks such as <http://ingdirect.com> (3.4% APY) and Emigrant American Dream savings account (4.0%) <http://www.emigrantdirect.com/>. Both offer no minimum and FDIC insurance but all or most transactions must be done electronically (that's how they can afford to pay such high rates on savings). Pay yourself first!!
The Alternative Gift Mart
Saturday, November 12, 9:30-2:30
Presbyterian Church address: 12 South 200 West, Logan
"Sending gifts of food, shelter, trees, gardens, medicines around the world since 1986. Select an alternative gift from 35 life- sustaining, worldwide projects to honor family and friends."
Logan 's year round source for alternative gifts: Ten Thousand Villages (just north of Sunrise Cyclery which is 138 N 100 E, Logan)
The Good Life: Planning and Preparing for Your Retirement Future
USU Extension Services and USU Community Credit Union are pleased to co-sponsor this financial education series. Classes and materials are provided at no cost to participants. Schedule of sessions:
|Sep 28||7 to 8:30||Determining Amount Needed to Retire|
|Oct 26||7 to 8:30||Social Security Issues|
|Nov 30||7 to 8:30||Financial Planning for Retirement|
|Jan 25||7 to 8:30||Preparing for Retirement: Strategies for Catching Up|
|Feb 22||7 to 8:30||Understanding the Stock Market|
|Mar 29||7 to 8:30||Needs of the " Sandwich Generation"|
|Apr 26||7 to 8:30||Protection Yourself Against ID Theft|
To register, contact: Adrie Roberts, USU Extension - Cache County , 179 North Main , Suite 111,
Logan , Utah , 84321 . (435) 752-6263. firstname.lastname@example.org