Banknotes Blog
How We Became Lake Ridge Bank
We knew right from the start that one of the most important decisions we would need to make was what to name our new bank.
The simplest (and best) strategy is to avoid regrettable retirement decisions in the first place. Following are examples of those decisions.
Media coverage of Social Security going “bankrupt” has been prevalent for years, but it is not based on reality. Being proactive and taking the following steps can help reassure you that comfort in retirement is still within reach.
It's a job seeker's market, with open positions in many regions and fields outnumbering available candidates. For that reason, employers have needed to be increasingly creative in the ways they find and attract talent. Applicants are looking for more than just a salary – when considering new career landing spots, they're paying closer attention to the benefits a company offers than ever before. One such benefit that a small company can provide to its staff is a SIMPLE individual retirement account (IRA) plan.
Ideally, we would all enter our retirement years fully confident that our investment and retirement planning efforts would translate into comfortably maintaining our desired lifestyles until the day we die. However, retirement planning, like most important things, is not that simple.
If you’re like many people, your understanding of how an annuity works probably looks something like this: You give an insurance company a sum of money, and the insurance company returns the funds to you as a monthly payment for the rest of your life. While accurate, that understanding encompasses only what are referred to as immediate annuities – there are other types available that may be more beneficial in certain circumstances.
Baby Boomers are rapidly retiring, and Gen-Xers aren't far behind. It's easy to imagine their positive expectations, but it's important to recognize that, for many, retirement also presents a few downsides. Here are four non-financial “lost benefits” for your consideration as you plan and prepare for your eventual retirement.
If you're retired and interested in returning to work for personal reasons or to help ease the burden of a national shortage of workers, then you might be in a position of power to set up your situation so you can enjoy work more than ever before.
We’ve lived for 20+ years – at least – since inflation was a problem. (The reality may be closer to 40 years.) Here’s a quick review of what inflation is, how it affects normal people, and how to adjust your finances accordingly.
As a business owner, you have a company to run, and when it comes to retirement options, you just want something that is easy and inexpensive to set up and operate. This is where an SEP IRA or SIMPLE IRA can make a lot of sense.
While economic uncertainties are beyond our control, we can be proactive by focusing on things that aren’t. Here are five moves you can make to benefit your retirement over the longer term.
When to file for Social Security should not be a one-size-fits-all proposition. Many factors come in to play, and your decision should not be made in a vacuum and certainly not based on a headline.
A second act should be as good as – if not better than! – the first. By working with us to develop a detailed financial plan, you'll go a long way toward ensuring that yours is.
For the self-employed, there is a tax-advantageous retirement-saving vehicle that goes beyond the standard Roth and simple IRA: the solo 401(k).
Will you be ready to retire? How can you be sure? Honestly answering these questions will move you a step closer to knowing whether you're on track or not.
In this presentation, Lake Ridge Bank trust officer Jeff Supple explains recent IRA rule changes and their tax and planning consequences.
This webinar, presented by WPS Health Insurance, outlines the Medicare options available to retirees, and is brought to you courtesy of the Prime Time Plus Club.
Here are five warning signs that suggest you may not be on the right track in planning for retirement.
Most people spend more time planning their next vacation than they do preparing for retirement. Here are some questions to test your preparedness.
Your 401(k) plan is likely a primary source of retirement income security. Are you doing everything you can to maximize this source of retirement income?
With regard to 401(k)s, many make the critical error of assuming that, once they've set their contribution percentage, there's nothing else to consider.
How would you feel about getting your money to work harder for you? The “trick” is getting the math of compound interest on your side.