FAQ Unclaimed Property: What IS Unclaimed Property?

WHAT IS UNCLAIMED PROPERTY?

Generally, any financial asset that has had no activity by its owner for a period of 1 year or more. This includes savings accounts, checking accounts, uncashed dividends, stocks, customer deposits or overpayments, certificates of deposit, credit balances, refunds, matured life insurance policies and uncashed death benefit checks. The law also requires that utility deposits, unclaimed wages and property resulting from business dissolutions be reported as unclaimed property after one year of inactivity. The Unclaimed Property Act does not include real estate.

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FAQ Edvest: Is There a Wisconsin Tax Benefit?

Yes, if you are a Wisconsin taxpayer, your contributions to Edvest reduce Wisconsin taxable income up to a maximum of $3,000 per year. For more details, including treatment of rollovers, non-qualified withdrawals and recapture provisions, read the Disclosure Booklet and check with your tax advisor.

 

Wisconsin Saves Fun Tip: Pump Up Summer Saving–Check Your Tire Pressure

The Wisconsin Office of the State Treasurer proudly teams up with WWBIC (Wisconsin’s Women Business Initiative Corporation) for “Wisconsin Saves.”  Each week, we will share with you a savings tip courtesy of WWBIC.

This week,  Letting Your Tires Deflate- Gas is expensive, but air is free—and using enough of it can actually help you use less gas. According to the guys at Car Talk, your gas mileage is 0.4% worse for every pound that your tires are under-inflated. So if your tires are down by just ten pounds, you’re using 4% more gas—that’s an extra gallon for every 25 gallons that you buy!

Bottom line: Read your owner’s manual for the correct tire pressure for your car’s make and model, and check your tires regularly—especially in the wintertime, when tires lose pressure as the air gets colder.

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Treasurer’s Top 5: Chippewa County

This week, we travel to Chippewa County.  Here’s a look at the Top 5 people and businesses there with unclaimed assets.

Do you see anyone on this list you know?  If so, have check out  www.wismissingmoney.com and search their name to make a claim.  They can also call 855-375-CASH (2274)

Chippewa  County

Karoline A Yeager

Martha S Vanek

C A Irwin

Christine Julson

Juanita M and Bernard P Kuhn

Money Matters: 4 Things to IGNORE When Investing

 

We get it. Investing can be intimidating. But it’s also something else: necessary.  Our friends at Learnvest.com share with us the 4 Things to IGNORE When Investing.

Even if you’re not ready to craft your own extensive portfolio, there is a certain amount of investing that you can—and should—be doing to keep inflation from eating away at your savings. Smart investing will also allow you to more quickly achieve important life goals, such as buying a home, paying for college costs and saving for retirement.

But where do you start?

Since it’s easy to get sidetracked by bad advice or “get rich quick” schemes, we sat down with Brandie Farnam, a LearnVest Planning Services CFP®, to suss out the four influences that you should be wary of when investing—from hot stocks to quick moves.

Click here for video with tips!