Gen X, defined as the cohort born between 1965 and 1980, is reaching a pivotal point in their lives. Becoming middle-aged often means balancing a multitude of responsibilities, including raising children, preparing for their college years, planning for retirement, and possibly caring for elderly parents. That’s a lot to juggle financially and emotionally.
Graduating college is thrilling and quite an achievement. But as you put your cap and gown away, your mind begins to wonder what is next. You’re instantly thrust into the so-called real world of deciding where you’ll live, pursuing a career, and taking on new responsibilities. One area you want to get right immediately is managing your finances.
When it comes to retirement savings, time is your best friend. The more time you can save and allow your investments to compound, the greater your nest egg. One account suitable for all savers comes with an extraordinary perk – guaranteed returns. It’s a feature rarely found in investing, and it’s possible through Share Certificate Accounts.
What would you do with an extra $1,000? What about $10,000? Or $100,000? You’ve probably spent time daydreaming about what you would do if you suddenly received an unexpected financial windfall. While it can be fun to treat yourself, it’s important not to lose sight of the potential impact these funds could have on you and your family’s future.
As tax season rolls in, many people are looking forward to receiving a refund check. You might already have an idea of how you plan to spend it. But, while it can be fun to treat yourself, you also don’t want to lose sight of the many ways these funds can benefit you.
You’ve probably come across the term “compound interest” when considering savings and investment options. But what exactly is compound interest, and how does it impact your wealth-building strategy? Let's explore this concept, review how it works, and reveal ways to leverage its power to secure your financial future.
Retirement planning can be a confusing subject. With so many differing opinions and investment opportunities, people often second-guess their savings strategies. However, one instrument that remains commonplace is an IRA or Individual Retirement Account. Even if you have an employer-sponsored 401(k), incorporating a traditional or Roth IRA into your retirement plan is beneficial.
Stepping into the world of investing for the first time can be a bit like setting sail on unfamiliar waters. With numerous choices and conflicting advice, it’s natural to feel a tad overwhelmed, unsure of where to begin. But worry not! If adding investing to your financial plans is on the horizon, think of us as your friendly guides.
Rising loan rates and inflation have taken a financial toll on households nationwide. Fortunately, it’s not all bad news. You may have noticed that savings rates have also been climbing steadily in recent months. This scenario creates the perfect opportunity to earn greater returns through certificates.
Everyone wants to be financially secure. Regardless of your age or current goals, there are key financial figures that will impact your adult life. These numbers help you gauge where you stand and provide a roadmap to improving your overall financial well-being.
