Category: Wealth Management

How to Plan for Retirement in Your 30s

Happy Couple Using Laptop Computer

Whether you’re playing catch-up or fine-tuning established investments, your 30s are crucial years for strengthening your financial future. Consider these tips to help make your road to retirement a bit smoother. Know Your Investment Options Whether you’ve already been saving for retirement or you want to get started, it’s important to be aware of your… Read more »

Should You Pay Off Your Mortgage Before Retirement?

Senior old couple holding documents and paying bills.

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 »

Three Reasons Women Need to Save More For Retirement

Woman inserts a coin into a piggy bank

Retirement is a big goal, no matter how far you are into your career. That’s why everyone needs to account for differences like healthcare needs, time in the workforce and more. Learn three reasons why women need to save more for retirement – and how to get there. Reason #1: Women Tend to Live Longer… Read more »

From College to Future: 3 Steps to Financial Literacy for Young Adults

Young student girl working, learning in college library

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. 1. College-Bound: Learn About Money… Read more »

What to Do In the Event of a Recession: Financial Experts at Minster Bank Weigh In

Man in his mid-forties wearing a blue dress shirt sits at a wooden desk looking at stock market graphs on a laptop and desktop screen to determine the possibility of an economic recession.

It’s no secret that we’re experiencing uncertain economic times. While unemployment remains low, inflation is at a record high and increasing. In response, the Federal Reserve has raised interest rates to help slow the rate of inflation. So, everyone is asking the same question: Are we in a recession? And if so, what should we… Read more »

Expert Tips to Ensure You’re on Track with Your Retirement Goals

Couple in mid-50s speak with a Minster Bank private wealth management advisor about their retirement savings goals.

Even if you’re nowhere near retirement age, saving for retirement should always be on your radar. After all, you want to enjoy your retirement the way you envision it ― without financial worry. If you’re already saving toward retirement, you may be wondering, “What do I need to do to stay on track?” Maybe you… Read more »

Charitable Giving: Make a Big Impact on a Small Budget

Little girl plants tree in earth with parents’ hands helping

Between medical expenses, car payments and rent, it can be hard to find room in your budget to give, no matter how much you want to contribute to a good cause. With the following tips, you can still help those in need even while on a tight budget yourself.  Pick a Cause You Care About… Read more »