Horizon Bank

When does it make sense to refinance? Refinancing is an option in a variety of circumstances – and in some situations; it may help you save money long-term. Here are a few ways that refinancing can be beneficial: Debt consolidation If you have...

Memorial Day kicked off the summer season, and you’re probably getting excited to take a vacation. As you save up for that special trip, you may be inclined to tighten your budget in order to put a few dollars toward future goals. Check out this...

Question: What are the most important financial statements for small business owners to understand, and why? Answer: A business owner must know and understand the balance sheet, income statement and cash flow statement as all of these statements are...

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 performance review. Reviewing the...

How do profit sharing plans work? How do they benefit my company and my employees? Technically, a 401(k) plan is a type of profit sharing plan. The 401(k) is just an added feature. Profit Sharing and 401(k) Plans provided for employees are considered...

Are you contributing enough to your retirement plan? This is a question we all should be asking ourselves and giving serious consideration to. There is a great saying that applies, “If you don’t know where you are going, any road will get you...

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...

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...

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...

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...