October Newsletter

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 Your credit score is a snapshot of how you manage debt. It’s based on factors like payment history, credit use, and account mix. A higher score makes it easier to qualify for loans, credit cards, or better rates. 

 From 401(k)s and IRAs to Roth accounts and small-business options like SEP or SIMPLE IRAs, retirement accounts help you save with tax benefits. Knowing the differences can help you pick the right fit for your future. 

 Life insurance provides financial protection for your loved ones. Term insurance covers you for a set time, while permanent insurance can last a lifetime and may build cash value. The right policy depends on your needs and goals. 

 An emergency fund is money set aside for unexpected expenses, like car repairs or medical bills. Experts suggest saving 3–6 months of expenses, but even a small cushion can reduce stress and keep you from taking on debt. 

 Insurance helps shield you from financial risk. Common types include health, auto, homeowners or renters, life, disability, and umbrella coverage. The right mix provides peace of mind and keeps your finances on track when life throws curveballs. 

 Saving for education can feel overwhelming, but options like 529 plans and Coverdell accounts make it easier. Starting early — even with small amounts — helps families prepare for future tuition costs without relying too heavily on loans.