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Split Deposit: The Workplace Perk that Will Help Employees Build Wealth

American workers are not saving enough for their future or to even cover emergencies and planned expenses that may crop up in the short term. According to the Federal Bureau of Economic Analysis, the average personal saving rate for Americans hovers around 5 percent – which is far too low. In fact, people aged 30-49 […]

2019-01-22T16:31:28+00:00May 9th, 2018|Financial Literacy, Savings, Uncategorized|

Saving as a Family

When you have a family, it seems like there is never enough money to go around and saving money frequently gets pushed aside. However, saving money can help stabilize your family’s financial life.

Saving is putting money aside for future use and requires discipline and, at times, denial. Therefore, it’s important to discuss the […]

2019-01-22T16:31:28+00:00April 5th, 2018|Financial Literacy, Savings|

Make Your Tax Refund Work for You!

Every year, the middle of April marks the end of the federal tax return filing season. For many Americans, that can mean seemingly endless forms, pay-stubs, and other paperwork. However, tax time can also be a unique opportunity for saving for your future! You can maximize tax time in three easy ways and have your […]

2019-04-16T16:34:35+00:00March 5th, 2018|Bank Local, Savings|

Education Savings is Simplified in 2018

The recent tax bill expands 529 savings plans to include expenses for elementary and secondary education. And, the annual gift tax exclusion has increased. This is big news for education savers – no matter how much you are saving!

Congress wanted to make it easier to save for education. Traditionally, 529 plans have been used […]

2019-04-16T17:22:41+00:00January 5th, 2018|Financial Literacy, Savings|