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 »
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 »
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 »
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 »
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 »
If you’ve switched jobs, are over 59 ½ or retired recently, you may be wondering what to do with the money left in your 401(k) or another retirement plan from the previous job. The good news is that money is yours to keep (minus any of the company’s contributions that aren’t vested). Most commonly, you… Read more »
Do you have a loan or mortgage to pay off? If you’re between the ages of 35 to 54, odds are you do. What Is Simple Interest? Simple interest is a fixed amount based on the principal, or original amount, of a loan or deposit. The interest amount remains the same throughout the entire repayment… Read more »
