Current news for Costco members
To learn more about the complete suite of Costco services,
click on the “Services” link at costco.com or call 1-800-220-6000.
Tips for besting the tax man
TRUE, THE CALENDAR year ended December 31, but there are still ways Costco members can take advantage of tax savings for
2007 through their ShareBuilder.com investment accounts.
Those who meet certain criteria can still
make a 2007 tax-deductible IRA contribution
up until April 15, 2008.
The maximum total amount you can contribute to all of your IRA accounts for 2007 is
$4,000 per individual, but if you turned 50 by
the end of 2007, you can make an additional
“catch-up” contribution of $1,000.
The maximum increases to $5,000 for
2008. If you don’t already have an IRA, set
up a monthly plan to start saving automatically for 2008. Through ShareBuilder, instead
of funding your IRA in one lump sum, you
can make automatic monthly contributions
and build a portfolio of stocks and exchange-traded funds over time.
Owner-only businesses can shelter up
to $45,000 for 2007 in a solo 401(k) plan, and
have until either March 15 for an S corporation or April 15, 2008, for all other business
types. You must have established a solo
401(k) plan prior to Dec 31, 2007.
To learn more about IRAs or small-business 401(k) plans through ShareBuilder, go
to costco.com and search “ShareBuilder.”
And be sure to check the 2008 Wallet coupon
that provides an account bonus on new
ShareBuilder is a registered broker-dealer, member
FINRA/SIPC and a subsidiary of ING Bank, fsb.
ShareBuilder is not affiliated with Costco.
IF YOU’RE AN Executive Member who has
purchased or leased a new vehicle through
the Costco Auto Program (CAP), there is a
special benefit you should take advantage
of. Complete a satisfaction survey within 30
days of buying a car and you will receive a
$50 gift certificate from CAP good toward the
purchase of parts or service from the dealership where the vehicle was purchased.
Certain restrictions apply, and submissions are subject to verification of the use
of a participating CAP dealership. The certificate is valid for six months from issue date.
For more information, go to costco.com
and search for “auto buying,” or call toll-free
COSTCO members using Identity Guard®,
the credit report, scores and monitoring
service from Intersections Inc., will now
have the option to activate bureau fraud
A fraud alert is a tool mandated by the
federal government for people who have, or
suspect they have, been victims of identity
theft. The alert flags an individual’s credit
file at each of the three national credit-report agencies (Equifax, Experian and
TransUnion), and requests that potential
creditors use “reasonable policies and procedures” to verify a person’s identity prior
to issuing credit.
For more information, go to costco.com
and search for “fraud alerts.”
COSTCO AND CAPITAL ONE have launched
a business financing program nationwide
offering exclusive rates to Costco members.
The program provides business loans
and lines of credit from $15,000 to $100,000
with no collateral or financial documents
required to apply. Most phone applications
get a decision within 15 minutes.
The loan program rewards qualified
Executive Members with a $50 Costco Cash
card after loan activation. Lines of credit are
offered with reduced annual Capital One
fees: Executive Members pay only $69,
Business and Gold Star members pay $89.
For more information, call toll-free
1-866-514-8877, or go to costco.com and
search for “business financing.”
YOU STILL HAVE until March 30 for big
savings on several Costco services featured
in the 2008 Wallet coupon book. Included this
year are attractive values on mortgages, real
estate agent services, home equity loans,
money market accounts, payroll services, merchant credit-card processing, online investing
and personal and business checks.
Refer to the Wallet coupon book, or
go to costco.com and click on “Services.”
to use your