“Benefit Cliffs” for Wisconsin Public Programs

A family hits a benefit cliff when a small income increase makes them ineligible for public benefits they had been receiving (UW-Madison Institute for Research on Poverty). Many public benefits programs in Wisconsin have “benefits cliffs.” It is important for participants in these programs to be aware of benefits cliffs as they make financial and […]

What Accounts Can I Use to Save for Retirement?

Retirement planning can help you prepare for your long-term financial needs. To successfully plan for retirement, it is important to understand the accounts that can be used. You may have several options to save for retirement including accounts offered by your employer, often called employer-sponsored retirement plans, and individual retirement accounts. You may be able […]

How to Choose a Financial Advisor

Financial planning involves thinking about all areas of your finances and building a plan to reach your financial goals. Financial planning can help you live the life you want as you plan for the future. However, it is difficult to know everything about budgeting, saving, credit, managing debt, insurance, investing, and other financial topics. To […]

Is It Safe to Put Money in a Bank or Credit Union Account?

Three banks, Signature Bank, First Republic Bank, and Silicon Valley Bank have failed in the first 4 months of 2023. Because these banks have failed, you may be worried about the safety of your money in bank or credit union accounts. First, know that no customer at these banks lost money thanks to insurance that […]

Recordkeeping Recommendations

Saving receipts, paystubs, tax forms, and other documents can be important. But it can be challenging to know which documents to save, how long to keep them, and which papers to throw away. This information sheet provides tips on documents you should save, how to save documents, and how to throw documents away. Documents to […]

Reverse Mortgage Considerations

As you continue to pay your mortgage you will obtain more equity in your home or own it outright. Depending on your situation, over time your retirement accounts may decrease as your expenses increase. If this happens, you may consider selling your home to get income. While this can be a good option, you also […]

Support Extension