Regardless if you’re just starting out, starting over, or are somewhere in between, it’s important to include saving for the future as part of your financial plan. Designed to safeguard your money until you need it, a savings account is a secure place to deposit your money while building up your savings over time.
A durable power of attorney (DPOA) is a tool that allows someone to carry on your financial affairs and protect your property in a period of incapacity, almost always with no need to seek formal judicial approval. A DPOA is a legal document that gives another person the legal authority to act for you. The person to whom authority is given is referred to as an attorney-in-fact, but need not be an attorney.
At some point in your life, you may become incompetent; that is, lacking the mental capacity to make or communicate responsible health-care decisions for yourself. Without directions to the contrary, medical professionals are generally compelled to make every effort to save and sustain your life.
Your spending plan is your active strategy for getting where you want to go. Think of your spending plan as a road map that helps you reach your goals, as well as give you a sense of direction. Your spending plan not only puts you in charge of how your money is being spent on a weekly, monthly, and yearly basis, but it also gives you a sense of control.
For Catherine Haight, her team of trusted advisors now includes her bank.
Have you heard the saying, “If you’re not on social media, you should be!” before? Social media platforms are a great way to connect with others. LinkedIn® is a great tool for businesses and is used by millions of professionals and companies.
The First Bank Center for Family-Owned Businesses held a webinar on family legacy and family business, with Michael Dierberg, Chairman of the Board, FB Corporation (First Bank) and fourth generation owner, and Pierre duPont of the duPont family. This intriguing and inspiring discussion between two American, values-driven family business leaders focused on running a multi-generational family business, investment strategies, philanthropic endeavors, and honoring and protecting the family and family business legacy.