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.
As a multi-generational, family-owned business, we’ve gained first-hand knowledge and experience in addressing the unique challenges family businesses encounter as well as recognizing the importance of stability, progression, and long-term perspective.
To help businesses ensure a seamless transition of leadership, here are some key considerations we’ve learned from our own experience.
As Americans, we’re simply not saving enough for retirement. As a result of this lack of appropriate saving and planning, policymakers deemed it necessary to step in and take action. As a result, the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act of 2022 became law and, as a result, has implemented changes to the retirement system.
How does this impact you?
In this session, Meridith Elliott Powell, CSP, CPAE, Business Motivational Speaker, Award-Winning Author, and Business Strategist at MotionFirst, shared specific strategies used by world-class organizations to thrive in these uncertain economic times.
On this episode of From the Hart podcast, Ed Hart (Director of First Bank’s Center for Family-Owned Businesses) speaks to author and speaker Jay Golden about storytelling and Jay's work as the founder of Retellable. Jay coaches and trains founders, innovators, and social entrepreneurs at companies such as Facebook, Google, LinkedIn, and Rainforest Action Network.
Inflation and the prices of goods and services are still higher than average, coupled with the lingering effects of the pandemic, Americans are turning to what’s left in their savings account to help cover expenses. How does your savings stack up to other Americans?