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

Posts tagged “wismissingmoney.com

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).
 
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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


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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.


FAQ Unclaimed Property: Who Administers The Law?


WHO ADMINISTERS THE LAW?

The Wisconsin State Treasurer serves as custodian of the property on behalf of the owner.

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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).
 
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Treasurer’s Top 5: Marathon County


Marathon County

This week, we travel to Marathon 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)

Marathon County

Kenneth and Violet Walesh

Shirley M Wimmer

Louis Wydener

Marion Pacetti

Randy H Janing


Treasurer’s Top 5: Menominee County


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This week, we travel to Menominee 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)

Menominee County

Francis Hendricks

Atlee A Dodge

Mary E Dodge

Lawrence E Lynch

Esther Herrick


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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How Much Do Americans Spend on St. Patricks Day?


St. Patrick's Day

In 2013, Americans spent a total of $4.7 billion dollars on St. Patrick’s Day. Of course, not every shopper plans to budget the same way. Who buys and what is bought directly relates to how big—or small—a celebrant’s budget will be.

Our friends at U.S. News and World Report say Men spend the most. Men may not spend a majority of consumer dollars, but when they reach for their wallets, they go big. Compared to any other consumer demographic looking to make a purchase for St. Patrick’s Day this year, men have the biggest budget, with an average planned expense of about $45. Women, on the other hand, are only looking to spend around $32.

Young spenders, big spenders. Next to men, young adults take second place as consumers with the lightest wallets after St. Patrick’s Day. Those aged 25 to 34 plan on grabbing a little less than $45 in clothing, food and decorations.

May you find your pot of gold at the end of the Rainbow… by searching our database for your MISSING MONEY on this St. Patrick’s Day at www.wismissingmoney.org.

CLICK HERE for full article.


Money Matters: Health Care Plans and Importance of Staying Healthy


Health Care

Health care and prescription coverage can represent a big financial burden. In the midst of financial hardship, it’s typically the first portion of a family budget to get slashed.  If serious illness occurs, that could drive anyone to financial catastrophe.  The past two weeks, we shared with you how to choose the best healtcare plan and dove into different types of Managed Health Care plans through our friends at www.practicalmoneyskills.com.  This week, we stress the importance of staying healthy as part of your healthcare plan.

Staying Healthy
In addition to making life more enjoyable, living a healthy lifestyle is key to keeping healthcare costs down. People who live a healthy lifestyle tend to be more productive and better at handling stress, making them more valuable employees. Being fit can even save you on health insurance – many companies factor in height and weight when determining rates for consumers. Making healthy choices, like quitting smoking, can also help to keep your health care and medical insurance costs done. For tips on living healthfully on a budget, click here.


FAQ Unclaimed Property: Why Does Wisconsin Have An Unclaimed Property Law?


OST Design large sealWHY DOES WISCONSIN HAVE AN UNCLAIMED PROPERTY LAW?

The law was enacted in 1970 to enable Wisconsin residents to search in one place for missing funds.  After 1 to 5 years of inactivity Wisconsin businesses are mandated to turn over all unclaimed money, stock, and safe deposit box contents to the State Treasurer’s Office.  This process relieves businesses from the expense and liability associated with carrying unclaimed property on their financial records.  Most importantly, the process benefits Wisconsin residents because the State Treasurer’s Office makes an active effort to reunite all rightful owners with their unclaimed property.


FAQ Edvest: How Do I Get Information on Edvest Performance?


Edvest performance for the 22 investment options is available online.
 
CLICK HERE for more.
 
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Wisconsin Saves Fun Tip: FREE Spring Break Fun for College Students


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 tip courtesy of WWBIC.  This week, COLLEGE STUDENTS may not have the cash for a sunny beachfront Spring Break, but you can still have great fun…. for FREE!

If you’re a college student, you can take advantage of college or youth discounts at museums, movie theaters, and even while traveling! Often all you have to do is ask and show your college ID.WWBIC


Money Matters: Common Managed Health Care Plans


Health Care

Health care and prescription coverage can represent a big financial burden. In the midst of financial hardship, it’s typically the first portion of a family budget to get slashed.  If serious illness occurs, that could drive anyone to financial catastrophe.  Last week, we shared with you how to choose the best healtcare plan through our friends at www.practicalmoneyskills.com.  This week, we take a look specifically at Managed Health Care Plans.

Managed Care Health Plans
Here is a brief explanation of some of the most common Managed Care health plans:

  • HMOS (Health Maintenance Organizations) are a type of health insurance plan where coverage is limited to doctors who work for or contract with the HMO. A primary care physician generally oversees your care and must refer you to specialists as needed.
  • PPOs (Preferred Provider Networks) allow subscribers to use doctors, hospitals and providers outside of the network for a fee.
  • High-Deductible Health Care Plans are high-deductible plans with low monthly premiums, designed to offer minimal day-to-day coverage but to protect you in the event of a catastrophe.
  • Point of Service Plans combine some aspects of PPOs and HMOs. Like PPOs, they generally require users to choose a primary care physician, who can make referrals to other doctors inside or outside of the network.
  • Fee-for-Service Plans reimburse you for a large percentage of what you pay out of pocket. You pay the bill for services; then your insurance company pays you back.

 

After choosing your plan and services, make sure to use them wisely. Most health insurers supply educational materials on preventive care such as quitting smoking, weight loss and chronic disease management. Many even provide financial incentives for completing treatment programs, getting immunizations and using generic drugs.

For information about managing health care in retirement, click here.

For more on the importance of health care for self-employed workers, click here.


Wisconsin Saves Fun Tip: “Slow and Steady” Saving for Retirement


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 tip courtesy of WWBIC.  This week, what it takes to properly save for RETIREMENT.

Keep in mind that slow and steady wins this race. Even modest monthly contributions to a retirement account for 30 to 40 years can, in part because of the miracle of compound interest, easily lead to an accumulation of several hundred thousand dollars.WWBIC


FAQ Unclaimed Property: How Does Property Become Unclaimed?


HOW DOES PROPERTY BECOME UNCLAIMED?

Property becomes unclaimed or abandoned when there has been no owner activity in relation to the account for a period of 5 years and when the owner has not been able to be contacted by the holder of that asset. A holder may include a bank, savings institution, credit union, insurance company, business or utility company.

CLICK HERE for more information.

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FAQ Edvest: How Do I Set Up an Automatic Payroll Deduction?


Payroll deduction is a convenient and flexible method to contribute to your existing Edvest account. If your employer offers this benefit, you can contribute as little as $15 per pay period from your paycheck. You can stop, start or change your deduction amount at any time.

If you leave your employer, contributions will automatically stop. You have the option to start a new payroll deduction with your new employer, if allowed, or you can choose to add contributions to your account by check, an automatic contribution plan or electronic funds transfer at any time.

For more information CLICK HERE

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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: Do I have to Use My Account at Wisconsin College or University?


No. The money in your account may be used at any eligible educational institution. This includes public and private colleges and universities, graduate and post-graduate schools, community colleges, and certain proprietary and vocational schools.
 
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Wisconsin Saves Fun Tip: America Saves Campaign Starts!


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 tip courtesy of WWBIC.  This week, the annual America Saves campaign started!

This article has a breakdown on things you can do each day this week to help reach your savings goals.  CLICK HERE to read more and start SAVING with us!WWBIC


Treasurer’s Top 5: Manitowoc County


Manitowoc

This week, we travel to Manitowoc 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)

Manitowoc County

Kenneth and Violet Walesh

Shirley M Wimmer

Louis Wydener

Marion Pacetti

Randy H Janing


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