Planning for Retirement

Estate planning often sounds complicated, but the bottom line is it’s about protecting your loved ones and making sure your wishes are carried out. Whether you’re just starting your career, raising a family, or enjoying retirement, having an estate plan is essential. At Lafayette Federal Credit Union, we’re here to help you understand the basics…

Regardless of your income level and credit history, your credit report is a powerful tool. Learning to how read it can save you money on loans, insurance, and even utilities—and it’s free to check.      

Inflation is like a slow leak in your wallet. When prices rise, each dollar buys a little less. Even when inflation isn’t making headlines, it still chips away at your savings and income over time. Constant headlines about inflation might have you wondering about inflation-protected investments. Here’s an easy guide to two of the most…

Whether you’re just starting your financial journey or looking to improve your financial stability, successfully building wealth begins with a purpose. The most successful strategies combine realistic goal setting, steady investing, and a personalized financial plan aligned with your goals and values. Here’s how you can get started, and how Lafayette Private Wealth, LFCU’s partnership…

In today’s volatile economy, relying on a sole source of income is riskier than ever. Establishing multiple streams of income provides essential financial security and flexibility, benefiting individuals across all age groups and income levels. No matter your age or career stage, diversifying your revenue is important. It can significantly boost your financial health.  …

Planning for retirement is important at any age. Knowing your options is a key step to achieving financial security. Two primary tools that can significantly impact your retirement readiness are Individual Retirement Accounts (IRAs) and 401(k) plans. Let’s look at the differences and the best ways to maximize employer contributions. We will discuss when to…

If you plan to retire in the next five years, you may feel the pressure of rising costs and economic uncertainty. As inflation persists and financial markets remain volatile, retirement planning in 2025 requires a more strategic, informed approach than ever before. In this article, we will look at what rising costs mean for your…

A vision board is a visual representation of one’s dreams and aspirations. The board can be 3-D (made from cut-out images or photographs mounted to a piece of cardboard or a canvas and hung on a wall or placed on a desk), virtual (created on social media sites like Pinterest or Instagram, or a series…

Wealth management is often misunderstood as a service designed exclusively for people who already have accumulated wealth – lots of it. The reality is wealth management can benefit almost everyone: it offers a strategic, personalized approach to managing and growing finances for individuals at every stage of life. Whether you’re just starting out, in your…