Important Documents Series -What to Save and When (Part 1 of 4)

Posted in Board Brief, KTFCU News on Nov 22, 2024

We all have piles of documents. They stack up in our file cabinets, on our desktops, on our hard drives and in our cloud storage. How do we segment them and how long do we need to keep these documents?

This series focuses on the type of documents we have and, generally, how long we should hold onto them. The kind of documents we collect vary in importance. Here are the types we all tend to amass.

• Federal & State Tax Returns (and the supporting financial documents)
• Banking Records (savings & checking, credit & debit card statements and term declarations)
• Investment Documents (IRA employer & in...

End-of-Life-Financial Consideratons Series (Part 3 of 3)

Posted in Board Brief, KTFCU News on Oct 16, 2024

Dealing with Deceased Loved One’s KTFCU Accounts
In the two previous Board Briefs, we talked in general about end-of-life issues. This issue focuses on specifics related to your accounts.

• First, recommendations on what you should prepare, and secondly,
• What someone will need to access KTFCU accounts that are in the name of (owned by) the deceased.

Our Recommendation: BE PREPARED

• Seek professional financial advice.
• Prepare an “Upon Death” reference binder. Below are some fundamentals to include. Of course, you should follow your financial planner’s advice
  1. Make a list of all online account...

October 2024 Newsletter

Posted in KTFCU News, Newsletter on Oct 01, 2024

October 2024 Newsletter.pdf