Love My Credit Union Rewards

There are more reasons than ever to love being a member of Glass City Federal Credit Union.

Your credit union membership is about the trust and care of community, built around where you live, work and play. That’s why Glass City Federal Credit Union membership saves you money through exclusive member-only offers through our trusted partners. Through Love My Credit Union Rewards, credit union members have saved over $2 billion with offers like:

»   $100 cash reward with each new line you activate with Sprint. Plus, existing customers earn $100 Annual Loyalty Cash Rewards, and 25% off select accessories in Sprint stores.

»   Credit union membership also saves you up to $15 on TurboTax federal products.

»   Credit union members save on SimpliSafe, the #1 expert pick for home security.

»   Onboarding new partners in 2019.

Learn all about how your Glass City Federal Credit Union membership gets you all these exclusive savings, and more at Glass City Federal Credit Union or LoveMyCreditUnion.org. Check them out and start enjoying credit union member benefits you never knew you had.

Member Appreciation Picnic Listing

FRAUDULENT MORTGAGE LOAN POSTCARD:

A fraudulent postcard referencing mortgage loans has been mailed in the Toledo area and in many areas of the country targeting clients of various financial institutions. The postcard message is as follows:

This notice is regarding your mortgage with FINANCIAL INSTITUTION. We need you to call us about an important matter regarding this loan. This is time sensitive so please call us at xxx-xxx-xxxx as soon as possible.

 

Please note that if you receive a mailing such as this: it is fraudulent.

 

As always, only disclose your personal or account information to agencies/businesses who require it for action you have initiated.

 

At Glass City, helping you to protect your account and personal identity information is extremely important. Click here for tips to safeguard your personal information and to protect you from fraud and identity theft.  

Glass Cutter Newsletter

Click here to view our Spring 2019 Glass Cutter Newsletter.

 

Beau Barrow  /  Glass City Federal Financial Solutions  /  1340 Arrowhead Dr, Maumee, OH 43537
419-887-1029
Beau Barrow
beau.barrow@securitiesamerica.com

Monthly News and Information for Current and Future Retirees
Presented by Bernard Barrow – 
A
PRIL 2019

QUOTE OF THE MONTH
 

“If you rest, you rust.”

HELEN HAYES

IN RETIREMENT, YOUR SPENDING COULD FLUCTUATE

Your retirement income strategy will almost certainly evolve. How much you spend will vary from year to year, and in some years, you will spend more on some things than others.

At the start of your retirement, you may spend more than you think. A recent J.P. Morgan Asset Management analysis of more than 5 million Chase accounts confirms this tendency. Good times, adventures, and costs related to your retirement transition can add up quickly, and you might find that you are spending as much or more than you did when you were working. So, this could call for an adjustment to your retirement income approach. One other thing to note: while your health care costs may rise as you age, the money you spend on travel, transportation, food, or housing may vary greatly from one year to the next and even decline with time. A meeting to assess your potential income needs for the year ahead is a good idea.
1

HEALTH TIP

Try the talk test when you walk, bike, or run

To make sure your aerobic workouts are really working, try talking with your walking, running, or cycling partner (or yourself) for about ten minutes after you begin. During a brisk, challenging workout, the conversation should take some effort. If you can talk smoothly, you may need to increase the pace of your workout to see real aerobic benefits.  

PET OWNERSHIP COULD CORRELATE WITH HEALTHIER AGING

Each fall, the American Association of Retired Persons (AARP) and the University of Michigan sponsor a National Poll on Healthy Aging. In the 2018 poll, a majority of adults aged 50-80 said that they owned a pet, and many reported distinct benefits from that friendship. Eighty-six percent said that their pet(s) made them feel loved, and 79% credited their pets for reducing stress in their daily lives.

There was more. Forty-six percent of the respondents who indicated they were pet owners and also in fair or poor health said that their pets help distract them from their pain, and 72% of these same respondents noted that their pets helped them to contend with physical or emotional symptoms. Additionally, 73% of all pet owners polled indicated their pets gave them a sense of purpose, and 64% said that their pet led them to be more physically active than they would be otherwise. If owning a pet seems like too much responsibility to take on, consider a little pet therapy. Organizations like the Alliance of Therapy Dogs and Therapy Dogs International can bring you the company of a trained service dog for 30-minute or 60-minute sessions.
2

 

DID YOU KNOW?
 

Babies have more bones

At birth, we have more than 300 bones. By age 25, we have only 206 bones. We do not lose bones as we grow up; instead, some bones made of cartilage simply fuse together.
3

ON THE
BRIGHT SIDE

A couple of data points suggest that baby boomers may be fulfilling their aspiration to stay in the workforce longer. Boston College’s Center for Retirement Research says that 65.1% of Americans aged 55-64 held a job early in 2019, an increase from 63.9% in 2015. The Bureau of Labor Statistics forecasts that by 2024, there will be 4.5% more Americans aged 65-74 who are either working or actively seeking work.
4

BRAIN TEASER
 

It can be ten men’s length with ten men’s strength, and yet ten men cannot make it stand on its end. What could it be?

STUMPED? CALL 419-887-1029 FOR THE ANSWER!

Bernard Barrow may be reached at 419-887-1029 or beau.barrow@securitiesamerica.com 
www.glasscityfcu.com

 

Securities offered through Securities America, Inc. Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Glass City Federal Credit Union, Glass City Federal Financial Solutions, and Securities America are separate entities.
Not NCUA Insured – No Credit Union Guarantees – May Lose Value
Trading instructions sent via e-mail may not be honored. Please contact my office at [insert phone number] or Securities America, Inc. at [insert phone number] for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets. The text of this communication is confidential, and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination. Your cooperation is appreciated.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.

 

CITATIONS.
1 – cnbc.com/2019/03/05/these-surprising-spending-truths-could-upend-your-retirement.html [3/6/19]

2 – marketwatch.com/story/5-reasons-seniors-should-consider-getting-a-pet-2019-04-03 [4/3/19]

3 – livestrong.com/article/296505-the-number-of-bones-in-a-childs-body/ [4/4/19]

4 – squaredawayblog.bc.edu/squared-away/baby-boomers-labor-force-rebounds/ [2/26/19]

 

Securities offered through Securities America, Inc. Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Glass City Federal Credit Union, Glass City Federal Financial Solutions, and Securities America are separate entities.
Not NCUA Insured – No Credit Union Guarantees – May Lose Value
Trading instructions sent via e-mail may not be honored. Please contact my office at [insert phone number] or Securities America, Inc. at [insert phone number] for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets. The text of this communication is confidential, and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination. Your cooperation is appreciated.

 

Glass City Federal Credit Union offers the following digital wallet options for all Glass City Visa Credit and Debit cardholders:

  • Samsung Pay
  • Google Pay
  • Apple Pay

Upon adding a Glass City Visa Credit or Debit Card to these payment options on a compatible device, cardholders can make in-store purchases with a single touch or wave of their phone at the contactless reader at participating retailers and restaurants.

Using these options is private and secure.  The cardholder’s card number and information are never exposed, as there is no need to present a card at check-out.

For details on each digital payment option and downloading instructions, click the provider logo of your choice below:

Samsung Pay Logo

Google Pay Logo

Apple Pay Logo

 

 

 

 

Beau Barrow  /  Glass City Federal Financial Solutions  /  1340 Arrowhead Dr, Maumee, OH 43537
419-887-1029
Beau Barrow
beau.barrow@securitiesamerica.com

Monthly News and Information for Current and Future Retirees
Presented by Bernard Barrow – MARCH 2019

QUOTE OF THE MONTH
 

“You must do the things you think you cannot do.”

ELEANOR ROOSEVELT

DEALING WITH A “surprise” RETIREMENT

For years, you have imagined the way your “second act” will unfold: when it will start, what you will do, and where you will be. Then life hands you a wild card. You are forced to retire years earlier than you planned and with little notice. How do you adjust?

This turn of events is not uncommon. The respected Center for Retirement Research at Boston College finds that 37% of Americans retire earlier than they anticipated. The big dilemma is that you find yourself potentially having to fund a few more years of retirement with a few years less of accumulated retirement savings. There are ways to respond to that challenge. Many new retirees work a little, and you might be able to find part-time or lower-paying employment, possibly with health care benefits. While not the work you once did, it can help you refrain from tapping your savings too soon. You may want to reconsider when to claim Social Security benefits. You might not want to make big consumer purchases or embark on major vacations until you are confident you can justify them, financially. You may definitely need to run the numbers again, as variables affecting your potential retirement income have changed. This circumstance could call for significant financial adjustments – and a fresh look at where you stand now in relation to your retirement savings and income objectives.
1

RECIPE

Southern Buttermilk Biscuits

[serves 9]

 

Ingredients

2 cups Southern all-purpose flour (White Lily or other brand), plus more for kneading

1 Tbsp. baking powder

1 tsp. fine sea salt

¼ cup cold unsalted butter, cut into small pieces and chilled

¾ to 1 cup buttermilk

 

Step 1

Begin by preheating your oven to 500°F. Use a rimmed baking sheet with a non-stick silicone baking sheet, lining the pan.

Step 2

Combine the flour, baking powder, and salt in a large bowl. Cut the butter into the dry mixture using two knives or a pastry cutter. Once the contents in the bowl resemble coarse meal, pour in the buttermilk and mix until it is just combined. You do not want to overwork it.

Step 3

Begin by lightly kneading the dough on a sparsely floured surface. Keep turning the dough; do this about 8 times. Avoid kneading for too long, or you will overwork the dough. Lightly flour a rolling pin, then roll the dough to ½-inch thick. Cut the biscuits with a 2¼-inch round cutter dipped in flour. Be sure to press the biscuit cutter straight down (avoid twisting it). This way, the biscuits will rise evenly while baking.

Step 4

Arrange the biscuits on the baking sheet and bake for 8 to 10 minutes. Look for a golden-brown color. Cool on a rack and serve the biscuits warm with plenty of butter and honey.

Recipe adapted from southernkitchen.com/recipes/breakfast-brunch/virginia-willis-buttermilk-biscuits.

COULD WORKING A little AFTER 70 BECOME ROUTINE?  

Some baby boomers and Gen Xers hope that they can work into their seventies. Is that hope unfounded? It may not be. Consider the nation’s shifting generational demographics, and how they may reshape the workforce.

In 2035, Americans older than 65 will outnumber Americans younger than 18 for the first time, and by the mid-2030s, the percentage of physically demanding jobs may be lower than it is now. Jobs in information and service technologies could predominate – an ideal environment for highly educated adults who see no reason to stop being productive. Many of these seniors will be aware that the longer you can put off claiming Social Security in your sixties, the larger the monthly benefits are expected to be – currently, they are projected to be as much as 75% larger when claimed at the latest possible age of 70 versus age 62. Evidence suggests that the population of employed Americans is already skewing older. As a
Forbes
article notes, the percentage of working men aged 65-69 increased 10% from 1995 to 2016; for women aged 65-69, the increase was 12%. Once again, baby boomers could defy expectations.
2

 

DID YOU KNOW?
 

The westernmost U.S. state is also the easternmost

Alaska holds this distinction thanks to the geographic position of the Aleutian Islands. Part of the Aleutians are on one side of the 180° line of longitude, denoting the eastern hemisphere from the western hemisphere, and part of them are on the other side.
3

ON THE
BRIGHT SIDE

According to the TransAmerica Center for Retirement Studies, 76% of U.S. retirees own homes. Just 28% of these homeowners have outstanding mortgages, and the median balance of those home loans is about $52,000.
4

BRAIN TEASER
 

What do the following six words have in common: fast, away, water, through, down, neck?

STUMPED? CALL 419-887-1029 FOR THE ANSWER!

Bernard Barrow may be reached at 419-887-1029 or beau.barrow@securitiesamerica.com 
www.glasscityfcu.com

 

Securities offered through Securities America, Inc. Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Glass City Federal Credit Union, Glass City Federal Financial Solutions, and Securities America are separate entities.
Not NCUA Insured – No Credit Union Guarantees – May Lose Value
Trading instructions sent via e-mail may not be honored. Please contact my office at [insert phone number] or Securities America, Inc. at [insert phone number] for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets. The text of this communication is confidential, and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination. Your cooperation is appreciated.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.

 

CITATIONS.
1 – fool.com/retirement/2019/03/04/what-to-do-if-youre-forced-to-retire-before-youre.aspx [3/4/19]
2 – forbes.com/sites/kerryhannon/2019/03/04/reimagining-retirement-with-purpose-and-a-paycheck [3/4/19]
3 – worldatlas.com/aatlas/infopage/nsewusa.htm [3/4/19]
4 – foxbusiness.com/personal-finance/how-to-successfully-navigate-financially-in-retirement [3/1/19]

 

Securities offered through Securities America, Inc. Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Glass City Federal Credit Union, Glass City Federal Financial Solutions, and Securities America are separate entities.
Not NCUA Insured – No Credit Union Guarantees – May Lose Value
Trading instructions sent via e-mail may not be honored. Please contact my office at [insert phone number] or Securities America, Inc. at [insert phone number] for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets. The text of this communication is confidential, and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination. Your cooperation is appreciated.

 

Beau Barrow  /  Glass City Federal Financial Solutions  /  1340 Arrowhead Dr, Maumee, OH 43537
419-887-1029
Beau Barrow
beau.barrow@securitiesamerica.com

Monthly News and Information for Current and Future Retirees
Presented by Bernard Barrow – FEBRuary 2019

QUOTE OF THE MONTH
 

“What I know for sure is that what you give comes back to you.”

OPRAH WINFREY

HOW CAN A WOMAN TRY to prevent outliving her money?

Certain financial decisions may help a woman grow and sustain her retirement assets across the decades to make up for time out of the workforce and the prevalent earnings gender gap. Obviously, one fundamental move would be to start saving and investing for retirement as early as possible – but other, sometimes underrecognized choices may also allow a woman to make more financial progress. 

For example, stay-at-home moms and caregivers who are joint filers can consider a spousal IRA strategy if they do not have earned income this year. They can ask their spouse to contribute up to $6,000 to their Roth or traditional IRA in their name in 2019 (up to $7,000 if they are 50 or older). This way, one spouse can make an IRA contribution on behalf of the spouse who is not working. (The working spouse’s 2019 income must be at least as much as the total IRA contributions made on behalf of both spouses.) Negotiating a higher salary becomes important, as more income should correlate to more retirement saving potential for a woman. Additionally, if a woman is retiring without a pension, but her spouse is, perhaps a survivor benefit could be arranged should her spouse pass away first.
1,2

TRAVEL Tip

Enjoy a pricy restaurant at lunch

One way to save money while sampling fine cuisine: eat lunch at a highly regarded eatery rather than dinner. You may end up with virtually the same menu items to choose from, served at about half the price they would be hours later.

FIGHTING FOOD INSECURITY 

Nearly 5 million American seniors cannot regularly go out and get the nutritious food they need to eat in order to stay active and healthy. This may have to do with a lack of money, a lack of access, or even, a lack of awareness. This problem is called “food insecurity,” and it is no small social issue. Nor is it one only poor seniors face. A report by nonprofit food bank network Feeding America estimates that 20% of older adults who are above the poverty line risk eating inadequately as well. 

If poverty alone caused food insecurity, a social remedy might be fairly simple. Other factors come into play, though: high health care costs that crimp senior household budgets, prioritizing caregiving duties at the expense of selfcare, and simple pride that makes older adults shun food assistance programs in their communities. As Next Avenue reports, only about 45% of seniors eligible for SNAP benefits choose to receive them. The U.S. Administration for Community Living and private-sector agencies have awarded several million in grants to nonprofits in urban centers and rural areas to address this problem. If you think a friend, neighbor, or loved one might be coping with food insecurity, contact the U.S. Administration on Aging’s Eldercare Locator at 800-677-1116.
3

DID YOU KNOW?
 

Cinemas once had a chapeau alert

Between the World Wars, many movie theatres had signs asking women to remove their hats during a screening. In that era, some women wore hats large enough to obstruct the view of other moviegoers. (For that matter, so did some men.)
4

ON THE
BRIGHT SIDE

Seventy-five percent of baby boomers polled for a new retirement preparedness study, conducted on behalf of
Retirement Living
, thought they would have enough money to live comfortably in their “second act” after their careers ended.
5

BRAIN TEASER
 

There is a nine-letter word starting with S and ending with G, and you can selectively remove one letter at a time from this word and still have a word in the English language, from nine letters right down to a single letter. What is this nine-letter word

?

STUMPED? CALL 419-887-1029 FOR THE ANSWER!

Bernard Barrow may be reached at 419-887-1029 or beau.barrow@securitiesamerica.com 
www.glasscityfcu.com

 

Securities offered through Securities America, Inc. Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Glass City Federal Credit Union, Glass City Federal Financial Solutions, and Securities America are separate entities.
Not NCUA Insured – No Credit Union Guarantees – May Lose Value
Trading instructions sent via e-mail may not be honored. Please contact my office at [insert phone number] or Securities America, Inc. at [insert phone number] for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets. The text of this communication is confidential, and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination. Your cooperation is appreciated.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.

CITATIONS.
1 – investopedia.com/terms/s/spousal-ira.asp [11/21/18]

2 – kiplinger.com/article/retirement/T047-C034-S002-retirement-tips-for-a-long-lifetime.html [1/31/19]

3 – nextavenue.org/older-americans-food-insecure/ [1/31/19]

4 – mentalfloss.com/amazingfactgenerator/554068/1920s-and-30s-many-movie-theaters-had-signs-instructing-ladies-please-remove-your-hats [1/9/19]

5 – planadviser.com/boomers-far-confident-retirement-gen-xers/ [1/23/19]

 

Securities offered through Securities America, Inc. Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Glass City Federal Credit Union, Glass City Federal Financial Solutions, and Securities America are separate entities.
Not NCUA Insured – No Credit Union Guarantees – May Lose Value
Trading instructions sent via e-mail may not be honored. Please contact my office at [insert phone number] or Securities America, Inc. at [insert phone number] for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets. The text of this communication is confidential, and use by any person who is not the intended recipient is prohibited. Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination. Your cooperation is appreciated.