Introduction
- People Aren't Saving Enough
- Racking Up Debt
- What You Will Learn in this Section
- Should I Borrow Money?
- Total Cost of Borrowing
- Think Before You Borrow–Key Considerations
- Where Should I Borrow?
What You Will Learn in this Section
Take some time to review this section. When you've done so, you will:
- have a clear understanding of your financial situation;
- have a good grasp of your spending patterns;
- be able to identify your strengths and weaknesses in dealing with money;
- have learned some helpful hints about saving money;
- know what your goals are;
- have learned how to reach those goals by making some simple changes;
- know the legal alternatives available to you;
- have learned about the different ways you can borrow money to pay off your debt;
- know when you should—and when you should not—refinance your mortgage;
- be able to make informed decisions about getting a home equity loan;
- know what your options are when you need a loan to buy a car;
- understand why, in most cases, loans from qualified retirement plans are not recommended; and
- have a strategy in place for borrowing money, for whatever reason, that makes sense for you.
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To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
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Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.