The happenings "inside" the Wisconsin State Treasury and across the street at the State Capitol

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FAQ Edvest: What Are My Investment Choices?


The Plan offers you a choice of 22 investment options. These investment options vary in their investment strategy and degree of risk, allowing you to select an investment option or combination of investment options that may fit your needs. To see the list of investment options, brief descriptions and associated fees and expenses, visit Investment Options. For more information about investment risks and the type of investor for whom each investment portfolio may be appropriate, read the Disclosure Booklet (PDF).
 
edvestOST Design large seal

 

Treasurer’s Top 5: Marquette County


marquette county

This week, we travel to Marquette 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)

Marquette County

Robert Maurice Schurgers

Esther and Adam Ortiz

Marie Whiting

Pearl Zavala

Cleon Cooke III

Money Matters: Saving for College


Saving For College

saving for college

A college education is the ticket to the middle class in the United States. But it’s an expensive ticket, and the cost rises every year.

The overall annual cost for a college education ranges from about $7,000 for community college to $35,000 for a private school, according to US News & World Report.

Our friends at www.practicalmoneyskills.com help map out a college savings plan that works for you.

Start Early
Those are some scary numbers. But if you have the benefit of time, they’re not as bad as they seem. Here are some steps you can start taking today:

  • Go over your monthly finances and find a little extra money you can put away. Even $50 or $100 can make a big difference.  Opening an Edvest (Wisconsin’s College Savings plan) is a great start!  www.edvest.com.
  • Make a commitment to devote at least that amount each month, and to add to it as your income increases.
  • Shop around for the best interest return you can get for your money.

 High Return
Because the cost of college is rising faster than inflation, it’s smart to invest your savings to get a higher interest rate than a typical bank can offer. Consider putting your money into:

  • Stocks
  • Mutual funds
  • Bonds

 Help Paying for College
One important thing to keep in mind is that you won’t necessarily have to come up with the entire cost of college. All higher education institutions offer financial aid in the form of grants and loans. These are most often funded by the federal government. But there are also often aid offerings from the state and from the school itself. Be sure to look into all the options available.

Wisconsin Saves Fun Tip: Create Your Budget


 

Small Logo CroppedThe Wisconsin Office of the State Treasurer proudly teams up with WWBIC (Wisconsin’s Womens Business Initiative Corporation) for “Wisconsin Saves.” Each week, we will share with you a savings courtesy of WWBIC. Now that we’ve armed with 5 Strategies to Save Money, it’s a great time to examineWWBIC CREATING A BUDGET!  Here’s how:

Create Your BudgetNow you know where your money is actually going. But is it going where it should? Create a budget that you can stick to. Look at places you can cut back in order to pay down high-interest debt and save. Not sure where your money should be going? Check out our Budget Worksheet.

Treasurer’s Top 5: Marinette County


OST Design large seal

This week, we travel to Marinette 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)

Marinette County

John Tiede

Jean and Elmer Billings

Susan Weiss

Albert R Stevens

Brian Stevens

Money Matters: Choosing A Health Plan


Health Care

For most of us, health care and prescriptions represent a big financial burden. When families and individuals experience financial strain, many cut back on health care services. But in the event of a serious illness or catastrophe, not being adequately covered can lead to financial disaster. Luckily, there are ways to ensure you find the best medical coverage for yourself and your family, as well as access to low-cost prescriptions and other services. Our friends at www.practicalmoneyskills.com share resources available; you just need to seek them out.

Choosing a Health Plan
With the countless options available and the complex terminology and paperwork, selecting a health care plan can be overwhelming. There are two basic types of plans: group plans (plans supported by an employer) and individual plans (plans not supported by an employer). Whether you have access to a plan supported by an employer or you need an individual plan, these tips for selecting a plan can help.

Before choosing a plan, ask yourself:

  • How much can you afford to pay monthly for health care?
  • Who requires coverage under your plan (just you, or a spouse or dependents as well)?
  • How often do you, your spouse, and children visit the doctor?
  • Do you want or need dental and vision coverage?
  • Do you or your dependents have medical conditions that require specialized care?
  • What would happen in the event of an accident or surgery?
  • What is the maximum deductible you could afford to pay?

Knowing the answers to these questions can help you understand your health care needs and financial considerations. If you or a family member has a pre-existing health condition, it can be more difficult to get the health coverage you need. As part of the Affordable Care Plan passed in 2010, there is a Pre-Existing Condition Insurance Plan (PCIP) available. You can find out more about it here.

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