Future Planning

Every day the summer sun shines is another opportunity to create cherished memories with your family. For those with children home from school, the quest to find affordable family entertainment takes the spotlight.   Luckily, we put together eight ideas to help bring your family together and create unforgettable experiences without breaking the bank. Prepare for a summer that blends budget-consciousness with family memories that will last a lifetime.  Explore Your Backyard  With all the posts on social media today, it can often feel like the only way to enjoy yourself is to escape to some exotic land. It’s easy to…

Navigating the world of finance can sometimes feel like deciphering a complex code, especially when faced with industry jargon. For example, creditworthiness. What exactly does it mean, and why is it such an important measure of your financial health? We’re here to help demystify creditworthiness so you can better understand its significance in securing loans and other financial products.   What Is Creditworthiness?   Creditworthiness refers to an individual’s ability to repay borrowed funds and fulfill financial obligations. It’s essentially a measure of trustworthiness in terms of managing and repaying debts, reflecting how likely you are to repay creditors. Lenders use it…

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. Maybe it’s a significant work bonus, an inheritance, a lawsuit payout, or even a surprisingly large tax refund.   As you begin to envision what you could do with the extra money, it’s easy to get caught up in the excitement. Your heightened emotions can quickly get the best of you, leading to frivolous spending. However, managing financial windfalls like these wisely requires far more than impulsive decision-making. While it…

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 today is an IRA or Individual Retirement Account.  Even if you have an employer-sponsored 401(k), incorporating a tax-advantaged traditional or Roth IRA into your retirement plan is beneficial. By making timely contributions that will compound over the years, your IRA will help build a solid foundation for your golden years. In this article, we’ll review tactics to ensure you’re maximizing your IRA investments.  For additional information and resources, click here.  Start Early   Because…