Calculate

Do the math, otherwise you are flying blind. These calculators will help you get started.

* Representatives are not tax advisors or attorneys. For information regarding your specific tax situation, please contact a tax professional. For legal questions, including those about your estate, please talk to your legal professional.

Financial Advisors are registered representatives of INVEST Financial Corporation, member FINRA/SIPC. INVEST and affiliated insurance agencies offer securities, advisory services, and certain insurance products and are not affiliated with ORNL Federal Credit Union or ORNL Investment Services . Products and services offered through INVEST *Are not NCUA insured * are not a deposit *are not guaranteed by any Credit Union * may lose value including possible loss of principal amount invested.

This website may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting, or tax advice. You may wish to consult an attorney, tax advisor, or accountant regarding your specific situation. No representations are made as to the accuracy of the information contained herein or any information contained in any link provided herein.

Important Consumer Information:

This site is for informational purposes only and is not intended to be a solicitation or offering of any security and;

1. Representatives of a broker-dealer ("BD") or investment advisor ("IA") may only conduct business in a state if the representatives and the BD or IA they represent (a) satisfy the qualification requirements of, and are approved to do business by, the state; or (b) are excluded or exempted from the state's licensure requirements.

2. Representatives of a BD or IA are deemed to conduct business in a state to the extent that they provide individualized responses to investor inquiries that involve (a) affecting, or attempting to affect, transactions in securities; or (b) rendering personalized investment advice for compensation.

INVEST Financial Corporation’s Privacy Policy

Home

home-buying

Buying for the first time?

  1. Understand the paperwork
  2. Get your finances in order
  3. Plan ahead

Sound too easy?

Learn more about the details here.

Auto

Buying your first car sounds easy, but it can be tricky.

Here are 12 tips to make it easier.

auto-buying

Retirement

retirement

retirement-plan

1. Contribute at least the amount that your employer matches to your 401k.

If you’re fortunate enough to have an employer who offers 401k matching, by all means, take advantage of that! Not only is it basically free money, but you’ll get tax breaks and low-cost investment options.

2. Open a Roth IRA, and invest the funds.

Individual Retirement Accounts are retirement savings accounts with tax breaks, in which the funds are generally invested. A Roth IRA is typically not taxed when you withdraw the funds. If you have more time between now and retirement, investing your Roth IRA funds could be an effective way to grow your money. If you’re under the age of 50, the annual contribution limit is $5,500; if you’re over age 50, it’s $6,500.

3. Get with a financial advisor to review your current financial plan and make future plans towards retirement.

You hire doctors for their expertise; why not seek the counsel of a financial advisor? They can give you a professional opinion of your financial situation, and help you navigate the tricky world of investing.

4. Be on track to have your mortgage paid off by retirement.

Perhaps the most immediate thing you could do now is work to pay off your mortgage. Once in retirement, you’ll most likely be on a fixed income, and paying off your mortgage will become more difficult. Plus, your mortgage is an investment, and handling that investment wisely will contribute to the good of your retirement as well.

5. As you get closer to retirement, go to the Social Security website to get your income estimate to make sure you’re on track.

For more help on retirement investing, please contact our Investment Services team at 865.425.2730.

* Representatives are not tax advisors or attorneys. For information regarding your specific tax situation, please contact a tax professional. For legal questions, including those about your estate, please talk to your legal professional.

Financial Advisors are registered representatives of INVEST Financial Corporation, member FINRA/SIPC. INVEST and affiliated insurance agencies offer securities, advisory services, and certain insurance products and are not affiliated with ORNL Federal Credit Union or ORNL Investment Services . Products and services offered through INVEST *Are not NCUA insured * are not a deposit *are not guaranteed by any Credit Union * may lose value including possible loss of principal amount invested.

This website may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting, or tax advice. You may wish to consult an attorney, tax advisor, or accountant regarding your specific situation. No representations are made as to the accuracy of the information contained herein or any information contained in any link provided herein.

Important Consumer Information:

This site is for informational purposes only and is not intended to be a solicitation or offering of any security and;

1. Representatives of a broker-dealer ("BD") or investment advisor ("IA") may only conduct business in a state if the representatives and the BD or IA they represent (a) satisfy the qualification requirements of, and are approved to do business by, the state; or (b) are excluded or exempted from the state's licensure requirements.

2. Representatives of a BD or IA are deemed to conduct business in a state to the extent that they provide individualized responses to investor inquiries that involve (a) affecting, or attempting to affect, transactions in securities; or (b) rendering personalized investment advice for compensation.

INVEST Financial Corporation’s Privacy Policy

Budgeting

The best way to thrive is to make today count. Setup a budget, track it, and reach your goals. It may be challenging, but we have a free service available to assist you: Focus Money Manager. Here are what other ORNL FCU members say about Focus.

Digital-Services-Focus-Track

"I love being able to view all of my account balances and transactions in one place.

I have accounts at other institutions and no longer have to log in individually to view my balance or recent transactions. This is by far my favorite part about Focus."

Digital-Services-Focus-Categorize

"I love the pie chart, and I love that I can categorize all my money, I also love that it's linked straight through my ORNL FCU Online Banking so it's all in one place.

Very important to me. I love that it lists other accounts., like my retirement savings, too. I love FOCUS."

bubble-budgets

"One of my favorite things about using Focus is the bubbles!

It really shows me what I purchase each month. As I have been explaining FMM to members, I'll say "The smaller your debt gets the smaller the bubbles become."