November 2019 Newsletter
As the holiday season approaches, it’s a great time for families and individuals to give back to their communities by volunteering and donating their time and money. With the incoming deep freeze of winter, many people in Colorado will be struggling to make ends meet, many of our state’s elderly could use an extra hand, and hundreds of Colorado children will need a little extra support. If you’ve been wondering about ways to get involved, here are some places to start.
Volunteers of America is a national organization that helps people rebuild their lives. There are many opportunities to help a variety of people, from at-risk teens to homebound seniors. Especially popular at Thanksgiving is the Meals on Wheels program, for which you could help prepare, package, or deliver healthy meals to Colorado’s elderly. Once you’ve started with VOA, you’ll find many additional year-round opportunities to donate your service.
Food banks, soup kitchens, and homeless shelters are always in need of help, and, if you have a chance, they’ll certainly welcome yours. Check out these locations for volunteering opportunities, especially during the holiday season: Food Bank of the Rockies, Community Food Bank of Grand Junction, and many more. You can also try Volunteer Match to find additional places to give your time.
If you’re already stretched thin for time but still want to help, donations of all kinds are accepted at many of the above organizations as well as at the following:
• Have extra coats taking up space in your closet? Consider letting them go to someone who might need some warmth this winter. Check out Coats for Colorado for more info.
• Want to help less fortunate kids create an acceptable winter wardrobe for school? Try one of these organizations: A Precious Child, Clothes to Kids, or Denver Children’s Advocacy Center.
Just want to donate some money? Most all of these places will accept that as well. But remember, for any goods or monetary gifts, be sure to research each organization’s tax-deduction eligibility policy and get a receipt for next April’s tax-return season*.
Whether you donate time, money, or goods—your efforts can immensely help someone less fortunate. And odds are, you’ll be glad you did.
*Bellco does not provide tax or legal advice. For such guidance, please consult your tax and/or legal advisor.
On the last Thursday of this month, our country will celebrate Thanksgiving, and people all around the United States will sit down to turkey, stuffing, cranberries, and pumpkin pie. Maybe this will be your first year to host the traditional meal. Or maybe you’ll be visiting someone else’s home. No matter what your plans are, wouldn’t it be fun to introduce a new Thanksgiving tradition? From the standard to the unique to the just plain surprising, here are a few traditions you might want to start this year.
• Line your table with butcher paper or use blank paper placemats instead of a formal cloth. Give everyone a pen or marker, and let them trace their hand (kindergarten turkey-style) in front of their spot at the table. They can then write something they’re thankful for this year. Save the paper for next year, when you can repeat the process and see how much any children have grown or what new things your crowd is thankful for.
• While you wait for the meal to cook, instead of watching football, binge-watch a TV or movie series.
• Extend your celebration to other cities or states. Before your meal, video- or conference-chat with family or friends who are elsewhere.
• Visit a senior center.
• After the plates are cleared, host a game night. Break out the ones you’ve always loved, and think about bringing a new one to the table.
• This is the season to reflect on being thankful. Before or after dinner, why not have everyone write a thank-you note or two?
• Instead of eating in the middle of the afternoon, consider having your Thanksgiving dinner at dinnertime. You can keep light snacks out so your crowd doesn’t go wild with hunger, and in the meantime, your morning and early afternoon won’t feel so rushed.
• Take it outside. This time of year in Colorado, you might find yourself with weather that rivals early September. Why not picnic for your Thanksgiving meal?
• Travel. Skip the hullabaloo at the table, and choose a destination—in state or out—that you’d like to explore. While you’re away, start planning next year’s Thanksgiving destination.
• Check out a local “turkey trot” race. It never hurts to burn a few extra calories before you indulge, right?
No matter how you choose to celebrate, your Thanksgiving can be unique to you. Have fun as you choose your traditions, and hopefully, your crowd will have fun with them too. Happy Thanksgiving!
By CUSO Financial Services, L.P. (CFS)*
It’s never too soon or too late to start saving for retirement, and for a limited time, CFS* will give you a $100 cash incentive† when you roll over an existing IRA, 403(b) or 401(k) of $25,000 or greater.
A 401(k) rollover can:
• Provide a wide range of investment choices.
• Enable you to take control of your retirement plan.
• Allow you to move your retirement savings without any tax consequences out of your retirement plan.
• Continue to keep your savings invested, tax-deferred, and without early withdrawal penalties.
• Give you flexibility in your investment options.
The CFS* Financial Advisors located at designated Bellco Credit Union branches can help:
• Customize plans for your specific needs.
• Allocate, diversify, and manage your assets.
• Create flexible income solutions.
But don’t delay. This $100 cash incentive is only available through December 31, 2019. To schedule a personalized complimentary appointment, call 303-728-3443, email email@example.com, or stop by any Bellco branch.
†$100 cash incentive will be provided to all Bellco members who roll over their IRA, 401(k), or 403(b) with CFS. Limit of one $100 cash incentive per member. Offer valid through December 31, 2019. Bellco members must schedule an appointment with CFS by December 31, 2019 to receive this offer. Must be 18 or older to participate. CFS reserves the right to provide a rain check or a substitute of equal or greater value. Funds will be deposited into member’s checking, savings, or membership account within 60 days after account is opened. Please speak to a Bellco representative for additional information about applicable fees and terms related to the IRA accounts.
Before deciding whether to retain assets in an employer-sponsored plan or roll over to an IRA, an investor should consider various factors including, but not limited to, investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions, and possession of employer stock.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Bellco Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
CUSO Financial Services, L.P. (CFS), does not provide tax or legal advice. For such guidance, please consult your tax and/or legal advisor.
During November, Bellco will collect donations for Food Bank of the Rockies, a nonprofit organization that provides 145,000 meals a day to children, seniors, and families in need across 30 counties in Colorado and the entire state of Wyoming. By partnering with more than 600 other food banks, they are able to get food to the people who need it the most.
For ways you can donate to this worthwhile cause, visit BellcoGivesBack.org/Charity.
To learn more about Food Bank of the Rockies, visit them online at FoodBankRockies.org.