When it comes to building a solid financial foundation, one of the core elements is a savings account. A traditional savings account is a great way to keep your money safe, however, consumers are often looking for better ways to grow their money while keeping it secure, often with a high-yield savings account (HYSA).
Withdrawing taxable funds from a tax-deferred retirement account before age 59½ generally triggers a 10% federal income tax penalty, on top of any federal income taxes due.
It's important for you to be involved in the retirement income planning process even if you're married. While you may plan to be married forever, many women end up single at some point in their lives due to divorce or death of a spouse.
"First Bank has always been there and always encouraged me to do more," said Kris Allen, Area Manager in Southern CA, as he discusses his involvement in the community to bring about positive changes.
The local news has been reporting all summer on mail being stolen from USPS locations (outside drop off locations) and thieves stealing mail out of business and consumer mailboxes. USPS recommends dropping your mail inside the USPS location not the outside boxes.
Many businesses start small, begun by people seeking the exciting and potentially rewarding experience of "being their own boss" while doing something they enjoy. If you're thinking about starting your own business, you'll need a sound plan, a little creativity, personal dedication, and probably some form of financial investment.
As a woman, you have financial needs that are unique to your situation in life. Perhaps you would like to buy your first home. Maybe you need to start saving for your child's college education. Or you might be concerned about planning for retirement. Whatever your circumstances may be, it's important to have a clear understanding of your overall financial position.