Retirement
-
What is a rollover IRA
There are at least two reasons to consider keeping your employer plan rollover separate from your contributory IRAs.
-
What is a Roth 401(k)
Making Roth 401(k) contributions could play an important part in enhancing your retirement income.
-
Retirement Savings in a Volatile Market
Strategies to help you stay clear-headed during market downturns.
-
Feel Good About Retirement: Start Planning Now
Go confidently toward your future. Setting the stage for a comfortable retirement involves determining how much you need to save and developing a roadmap to pursue your goals. RCU is ready to help you every step of the way.
-
Should You Speed Up Your Retirement Plans?
These four factors may help in determining if you can afford to retire early.
-
How to Protect Your Retirement Savings from Creditors
Review the creditor protections that apply to retirement accounts.
-
Can Debt Affect Your Retirement Plan?
Debt poses a growing threat to the financial security of many Americans — and not...
-
Decisions, Decisions: Weighting the Pros and Cons of an IRA Rollover
If you lose a job, switch employers, or step into retirement, you might consider rolling your retirement plan savings into an IRA.
-
Should You Pay Off Student Loans Early or Save More for Retirement?
Digging out from debt and saving for the future is a financial tug-of-war. Learn how to optimize your income for a healthy financial future.
-
A Financial Wellness Plan Can Help Pave the Road to Retirement
A global pandemic gave reason to pause on our physical wellness, but often overlooked and equally important is financial wellness.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
Leaving Our Website
You are leaving our website and linking to an alternative website not operated by us. Redwood Credit Union does not endorse or guarantee the products, information, or recommendations provided by third-party vendors or third-party linked sites.