Category: Wealth Management

From College to Future: Creating Financial Skills for Young Adults

Young adult blonde woman with glasses sits on floor creating financial budget in college

The real world is expensive, and if young adults lack financial aptitude, they will struggle not only fiscally, but emotionally as well. That’s why you need to acquire financial skills as you make your way through college, navigate your first job and learn to save for the years to come. College-Bound: Learn About Money Management… Read more »

Don’t Leave Your Retirement Savings Behind

Mason jar labeled retirement filled with coins next to alarm clock

The process of leaving a job can be a stressful one. If you are on your way to a new job, you will certainly have a lot on your mind. Unfortunately, one major need that you may overlook is what to do with your retirement savings. According to Spencer Williams of MarketWatch, approximately 33 percent… Read more »

How to Organize and Store Your Online Passwords

Smartphone displaying a username and password login

According to a survey by Digital Guardian, 70 percent of people reported they have more than 10 password-protected accounts on the Web. And 30 percent of people reported they have “too many passwords to count.” Does that sound like you? It can be difficult to keep track of everything, and as the number of websites… Read more »

What Should I Do First: Pay Off Debt or Save for Retirement?

Senior man uses calculator to pay his bills

Should you put retirement savings first, or is it better to be debt-free? Or is a combined effort your best plan of action on your quest for financial health and security? Pros of Paying Down Debt Some debt is better than others. A mortgage means you’re investing in a lifetime purchase as well as a… Read more »

How to Plan Your Retirement Using Age Banding

Middle-aged couple looks at retirement planning papers together

As you plan for retirement, two of the most important questions you can ask are “How much money will I need to maintain my standard of living?” and “How long will I need to live on that amount?” Age banding is a concept that can help you answer these questions with greater accuracy, enabling you… Read more »

Why Volunteering During Retirement is a Win-Win

Retired man volunteers outdoors

The number of retirees seeking volunteer work is on the rise. In a recent Consumer Reports survey, two-thirds of respondents between the ages of 55 and 70 said that they planned to volunteer during their retirement. Volunteering can help keep people of any age active and engaged in their communities – two factors that can… Read more »

Pros and Cons of Biometric Authentication

Woman uses fingerprint to authenticate app on her smartphone

You know why it’s important to protect your personal online banking information with a strong password. You even go the extra mile and change your password every 90 days to make sure you’re always one step ahead. But what do you do when your mobile banking app introduces the idea of biometric authentication – and… Read more »

Should You Pay Off Your Mortgage Before Retirement?

Pre-retirement woman stacks coins to evaluate how much to pay off mortgage

In the past, it was not uncommon for homeowners to buy a house around the age of 30 and have paid it off in full by the age of 60, hence the 30-year term for mortgages that has become the industry standard. But the Federal Reserve Board has found that more than a third of… Read more »

4 Tips to Help Build Your Teen’s Credit Score

Parent discusses credit score with teen daughter

When your teen finally reaches high school graduation, they’re going to need a solid credit score for their next steps in life: renting an apartment, getting a loan or finding a good deal on insurance. For that reason, it’s important that teens build up their credit scores before they move out. There are a few… Read more »

Success Story: Minster Bank’s Private Wealth Management and Trust

Steve Eiting private wealth management department manager at minster bank ohio

For Steve Eiting, manager of the Private Wealth Management department at Minster Bank, the key to doing successful business is simple: Always put the client first. “Our goal is to be their one-stop financial institution,” said Eiting. “Here, they can get all their loans, they can do all their banking and we can do the… Read more »