{"id":1393,"date":"2020-06-26T14:09:08","date_gmt":"2020-06-26T19:09:08","guid":{"rendered":"http:\/\/formationcu.com\/?p=1393"},"modified":"2025-04-26T00:53:12","modified_gmt":"2025-04-26T05:53:12","slug":"financial-tips-for-turbulent-times","status":"publish","type":"post","link":"https:\/\/formationcu.com\/?p=1393","title":{"rendered":"Financial Tips for Turbulent Times"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text]<span style=\"font-weight: 400;\">Whether you&#8217;re an older worker with seemingly few options to recoup significant investment losses, or a younger worker with minimal or no investment savings at all, don&#8217;t let a difficult financial climate scare you into not taking any action at all.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<strong>Take stock of your situation and formulate a plan by starting with the basics:<\/strong>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]\n<ul>\n<li style=\"font-weight: 400;\"><strong>Pay down debt:<\/strong> <span style=\"font-weight: 400;\">Reduce the chokehold that credit cards have on your budget. Pay off the highest interest-rate card first, and then apply that payment to the next-highest interest-rate card. Stop charging!<\/span><\/li>\n<\/ul>\n[\/vc_column_text][vc_column_text]\n<ul>\n<li style=\"font-weight: 400;\"><strong>Spend less:<\/strong> <span style=\"font-weight: 400;\">Identify needs vs. wants, and then set priorities. Many so-called \u201cneeds\u201d are actually wants in disguise.<\/span><\/li>\n<\/ul>\n[\/vc_column_text][vc_column_text]\n<ul>\n<li style=\"font-weight: 400;\"><strong>Rebalance your stock portfolio:<\/strong> <span style=\"font-weight: 400;\">Do your investment choices reflect your risk tolerance and investment strategy?<\/span><\/li>\n<\/ul>\n[\/vc_column_text][vc_column_text]\n<ul>\n<li style=\"font-weight: 400;\"><strong>Keep some liquidity:<\/strong> <span style=\"font-weight: 400;\">Consider stashing some cash\u2014perhaps three to six months of living expenses\u2014in a money market account at Louisiana USA, which is insured to at least $250,000 by the National Credit Union Administration.<\/span><\/li>\n<\/ul>\n[\/vc_column_text][vc_column_text]\n<ul>\n<li style=\"font-weight: 400;\"><strong>Increase your contributions:<\/strong><span style=\"font-weight: 400;\"> Many stock prices are at low. If possible, bump up your contribution.<\/span><\/li>\n<\/ul>\n[\/vc_column_text][vc_column_text]\n<ul>\n<li style=\"font-weight: 400;\"><strong>Diversify:<\/strong> <span style=\"font-weight: 400;\">Spread your wealth among a variety of investments: domestic, international, financial services, technology, health care and so on.<\/span><\/li>\n<\/ul>\n[\/vc_column_text][vc_column_text]\n<ul>\n<li style=\"font-weight: 400;\"><strong>Use dollar-cost averaging:<\/strong><span style=\"font-weight: 400;\"> By having just $50 each paycheck automatically directed to a mutual fund, your contributions will purchase more shares when the price is low and fewer shares when the price is high.<\/span><\/li>\n<\/ul>\n[\/vc_column_text][vc_column_text]\n<ul>\n<li style=\"font-weight: 400;\"><strong>Work longer:<\/strong> <span style=\"font-weight: 400;\">If you&#8217;re close to retirement, consider hanging on to your current job longer than planned, if you can. Or, secure part-time work after retirement. This reduces the number of years you&#8217;ll dip into your investments and helps build additional savings.<\/span><\/li>\n<\/ul>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_cta h2=&#8221;Contact us today to see how we assist you through these tough times!&#8221; style=&#8221;custom&#8221; add_button=&#8221;right&#8221; btn_title=&#8221;How Can We Help?&#8221; btn_style=&#8221;custom&#8221; btn_custom_background=&#8221;#ffffff&#8221; btn_custom_text=&#8221;#e03a3e&#8221; btn_align=&#8221;right&#8221; custom_background=&#8221;#0067a5&#8243; custom_text=&#8221;#ffffff&#8221; btn_link=&#8221;url:http%3A%2F%2Fformationcu.com%2Fcontact%2F|||&#8221;][\/vc_cta][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]Whether you&#8217;re an older worker with seemingly few options to recoup significant investment losses, or a younger worker with minimal or no investment savings at all, don&#8217;t let a difficult financial climate scare you into not taking any action at all.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Take stock of your situation and formulate a plan by starting with the basics:[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text] Pay&hellip;<\/p>\n","protected":false},"author":17,"featured_media":1397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"post_series":[],"class_list":["post-1393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Tips for Turbulent Times - Formation Credit Union<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Tips for Turbulent Times - Formation Credit Union\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text]Whether you&#8217;re an older worker with seemingly few options to recoup significant investment losses, or a younger worker with minimal or no investment savings at all, don&#8217;t let a difficult financial climate scare you into not taking any action at all.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Take stock of your situation and formulate a plan by starting with the basics:[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text] Pay&hellip;\" \/>\n<meta property=\"og:url\" content=\"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/\" \/>\n<meta property=\"og:site_name\" content=\"Formation Credit Union\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-26T19:09:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-26T05:53:12+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/formationcu.com\/wp-content\/uploads\/2020\/06\/LAUSA-FinancialTips-1-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1443\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"thinkjcw\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"thinkjcw\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/\"},\"author\":{\"name\":\"thinkjcw\",\"@id\":\"http:\\\/\\\/formationcu.com\\\/#\\\/schema\\\/person\\\/afa59ef41deaf074142e722d54f49755\"},\"headline\":\"Financial Tips for Turbulent Times\",\"datePublished\":\"2020-06-26T19:09:08+00:00\",\"dateModified\":\"2025-04-26T05:53:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/\"},\"wordCount\":426,\"publisher\":{\"@id\":\"http:\\\/\\\/formationcu.com\\\/#organization\"},\"image\":{\"@id\":\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/formationcu.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/LAUSA-FinancialTips-1-scaled.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/\",\"url\":\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/\",\"name\":\"Financial Tips for Turbulent Times - Formation Credit Union\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/formationcu.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/#primaryimage\"},\"image\":{\"@id\":\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/formationcu.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/LAUSA-FinancialTips-1-scaled.jpg\",\"datePublished\":\"2020-06-26T19:09:08+00:00\",\"dateModified\":\"2025-04-26T05:53:12+00:00\",\"breadcrumb\":{\"@id\":\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/#primaryimage\",\"url\":\"https:\\\/\\\/formationcu.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/LAUSA-FinancialTips-1-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/formationcu.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/LAUSA-FinancialTips-1-scaled.jpg\",\"width\":2560,\"height\":1443,\"caption\":\"financial tips\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\\\/\\\/formationcu.com\\\/financial-tips-for-turbulent-times\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\\\/\\\/formationcu.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial Tips for Turbulent Times\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\\\/\\\/formationcu.com\\\/#website\",\"url\":\"http:\\\/\\\/formationcu.com\\\/\",\"name\":\"Formation Credit Union\",\"description\":\"\",\"publisher\":{\"@id\":\"http:\\\/\\\/formationcu.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\\\/\\\/formationcu.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"http:\\\/\\\/formationcu.com\\\/#organization\",\"name\":\"Formation Credit Union\",\"url\":\"http:\\\/\\\/formationcu.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/formationcu.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/formationcu.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Asset-1.png\",\"contentUrl\":\"https:\\\/\\\/formationcu.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Asset-1.png\",\"width\":232,\"height\":59,\"caption\":\"Formation Credit Union\"},\"image\":{\"@id\":\"http:\\\/\\\/formationcu.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"http:\\\/\\\/formationcu.com\\\/#\\\/schema\\\/person\\\/afa59ef41deaf074142e722d54f49755\",\"name\":\"thinkjcw\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86658c9ded4f383cf88b2b6c911bb6b8c3b3a30dc02991afe41910e2e39a057b?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86658c9ded4f383cf88b2b6c911bb6b8c3b3a30dc02991afe41910e2e39a057b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86658c9ded4f383cf88b2b6c911bb6b8c3b3a30dc02991afe41910e2e39a057b?s=96&d=mm&r=g\",\"caption\":\"thinkjcw\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial Tips for Turbulent Times - Formation Credit Union","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/","og_locale":"en_US","og_type":"article","og_title":"Financial Tips for Turbulent Times - Formation Credit Union","og_description":"[vc_row][vc_column][vc_column_text]Whether you&#8217;re an older worker with seemingly few options to recoup significant investment losses, or a younger worker with minimal or no investment savings at all, don&#8217;t let a difficult financial climate scare you into not taking any action at all.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Take stock of your situation and formulate a plan by starting with the basics:[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text] Pay&hellip;","og_url":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/","og_site_name":"Formation Credit Union","article_published_time":"2020-06-26T19:09:08+00:00","article_modified_time":"2025-04-26T05:53:12+00:00","og_image":[{"width":2560,"height":1443,"url":"http:\/\/formationcu.com\/wp-content\/uploads\/2020\/06\/LAUSA-FinancialTips-1-scaled.jpg","type":"image\/jpeg"}],"author":"thinkjcw","twitter_card":"summary_large_image","twitter_misc":{"Written by":"thinkjcw","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/#article","isPartOf":{"@id":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/"},"author":{"name":"thinkjcw","@id":"http:\/\/formationcu.com\/#\/schema\/person\/afa59ef41deaf074142e722d54f49755"},"headline":"Financial Tips for Turbulent Times","datePublished":"2020-06-26T19:09:08+00:00","dateModified":"2025-04-26T05:53:12+00:00","mainEntityOfPage":{"@id":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/"},"wordCount":426,"publisher":{"@id":"http:\/\/formationcu.com\/#organization"},"image":{"@id":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/#primaryimage"},"thumbnailUrl":"https:\/\/formationcu.com\/wp-content\/uploads\/2020\/06\/LAUSA-FinancialTips-1-scaled.jpg","articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/","url":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/","name":"Financial Tips for Turbulent Times - Formation Credit Union","isPartOf":{"@id":"http:\/\/formationcu.com\/#website"},"primaryImageOfPage":{"@id":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/#primaryimage"},"image":{"@id":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/#primaryimage"},"thumbnailUrl":"https:\/\/formationcu.com\/wp-content\/uploads\/2020\/06\/LAUSA-FinancialTips-1-scaled.jpg","datePublished":"2020-06-26T19:09:08+00:00","dateModified":"2025-04-26T05:53:12+00:00","breadcrumb":{"@id":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/#primaryimage","url":"https:\/\/formationcu.com\/wp-content\/uploads\/2020\/06\/LAUSA-FinancialTips-1-scaled.jpg","contentUrl":"https:\/\/formationcu.com\/wp-content\/uploads\/2020\/06\/LAUSA-FinancialTips-1-scaled.jpg","width":2560,"height":1443,"caption":"financial tips"},{"@type":"BreadcrumbList","@id":"http:\/\/formationcu.com\/financial-tips-for-turbulent-times\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/formationcu.com\/"},{"@type":"ListItem","position":2,"name":"Financial Tips for Turbulent Times"}]},{"@type":"WebSite","@id":"http:\/\/formationcu.com\/#website","url":"http:\/\/formationcu.com\/","name":"Formation Credit Union","description":"","publisher":{"@id":"http:\/\/formationcu.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/formationcu.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"http:\/\/formationcu.com\/#organization","name":"Formation Credit Union","url":"http:\/\/formationcu.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/formationcu.com\/#\/schema\/logo\/image\/","url":"https:\/\/formationcu.com\/wp-content\/uploads\/2023\/11\/Asset-1.png","contentUrl":"https:\/\/formationcu.com\/wp-content\/uploads\/2023\/11\/Asset-1.png","width":232,"height":59,"caption":"Formation Credit Union"},"image":{"@id":"http:\/\/formationcu.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"http:\/\/formationcu.com\/#\/schema\/person\/afa59ef41deaf074142e722d54f49755","name":"thinkjcw","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86658c9ded4f383cf88b2b6c911bb6b8c3b3a30dc02991afe41910e2e39a057b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86658c9ded4f383cf88b2b6c911bb6b8c3b3a30dc02991afe41910e2e39a057b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86658c9ded4f383cf88b2b6c911bb6b8c3b3a30dc02991afe41910e2e39a057b?s=96&d=mm&r=g","caption":"thinkjcw"}}]}},"_links":{"self":[{"href":"https:\/\/formationcu.com\/index.php?rest_route=\/wp\/v2\/posts\/1393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formationcu.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formationcu.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formationcu.com\/index.php?rest_route=\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/formationcu.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1393"}],"version-history":[{"count":3,"href":"https:\/\/formationcu.com\/index.php?rest_route=\/wp\/v2\/posts\/1393\/revisions"}],"predecessor-version":[{"id":1398,"href":"https:\/\/formationcu.com\/index.php?rest_route=\/wp\/v2\/posts\/1393\/revisions\/1398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/formationcu.com\/index.php?rest_route=\/wp\/v2\/media\/1397"}],"wp:attachment":[{"href":"https:\/\/formationcu.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formationcu.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formationcu.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1393"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/formationcu.com\/index.php?rest_route=%2Fwp%2Fv2%2Fpost_series&post=1393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}