Summer is finally here, which means baseball, grilling out, lounging by the pool and family vacations. No matter where you might be going, it is extremely important that if you leave town for a significant amount of time, you inform your bank. Debit...
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Tell Your Bank Before You Travel
Calculating Required Minimum Distributions (RMDs)
While an IRA is an excellent vehicle to help you prepare for your income needs during your retirement years, it’s important to remember that you cannot keep funds in a traditional IRA indefinitely. IRS regulations require an IRA owner who attains...
Read MoreTips For Developing a Great Relationship With Your Bank
Ask the Expert, Steve Kring Having a good relationship with my bank is important for my business. Can you share some tips for how I can get to know my bank better? Banks play a major role in providing small businesses access to capital to fund...
Read MoreWhat is a 529 Plan?
Every parent wants the best education for their child. With the increasing costs associated with higher education, it’s essential to start saving early. That’s where 529 plans can be helpful. A 529 plan is a tax-advantaged savings plan that was...
Read MoreBuilding a Financial Plan for Your Business: Income Statement
A sound financial strategy is the foundation for a successful business venture, and for this reason we’ve created a series about the different aspects of building a financial plan. This week’s topic: the income statement. What is an Income...
Read MoreProperty Ownership Designations
When an individual acquires ownership of an asset – whether it is a home, a motor vehicle, a boat, or any other type of property – it is important to understand the significance of various types of ownership designations. Ownership of an asset by...
Read MoreThe Shelves are Empty!
The Salvation Army needs our help! Their shelves are bare and their freezers are empty, and they are in dire need of items to replenish their food pantry. In response, the Horizon Cares Committee is organizing a food drive for the entire month of...
Read MoreAsk the Expert: Why Should I Convert an IRA to a Roth IRA?
QUESTION: Why should I convert my traditional IRA to a Roth IRA? What are the benefits? ANSWER: Depending on your personal situation, there are many reasons why a conversion from a Traditional IRA to a Roth IRA may be a good idea. The primary benefit...
Read MoreThe Importance of a Will
A last will and testament is a legal document that determines what happens to your property after your death. It is an estate-planning tool that is often used in conjunction with other devices, such as a trust. Making a will is a responsibility, as...
Read MoreBuilding a Financial Plan for Your Business: Balance Sheet
A sound financial strategy is the foundation for a successful business venture, and for this reason we’ve created a series about the different aspects of building a financial plan. This week’s topic: the balance sheet. What is a Balance Sheet? A...
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