For Our Clients

Educational Resources

Category: Summer Savings Strategies

24 posts categorized as "Summer Savings Strategies"

Summer Savings Strategies: Indexed Variable Annuities May Provide a Buffer from Loss

May 22, 2019

By Dan Schulte, Vice President and Manager, Annuities and Insurance

There are times when stock market volatility leaves some investors worried about meeting their retirement goals. This has left many of these individuals seeking products that can provide downside protection with upside potential.  A product that can help give investors some degree of piece-of-mind in turbulent times is an Indexed Variable Annuity.

Indexed Variable Annuities (also known as buffered or structured annuities) are typically designed with a combination of variable and index-linked investment options that can balance both personal risk tolerance with growth potential as well as provide a protection of principal.

Read More

Summer Savings Strategies: Be Disciplined and Systematic

May 15, 2019

By Bruce Buerkle, CFA, Senior Vice President, Manager Securities Research Support

Have you reviewed how much you are saving annually and considered whether there are opportunities to increase your savings rate? Developing a “pay yourself first” plan can reap large rewards over the long term. Look for ways to automate your savings such as establishing a direct deposit into an investment account. Dollar-Cost Averaging, an investment strategy wherein you buy the same dollar amount of an investment at regular intervals,

Read More

Summer Savings Strategies: The Earlier the Better – Graduates Should Start Saving for Retirement Now!

May 8, 2019

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Congratulations college graduates, all your late-night study sessions and frantic essay writing is finally over! Now, welcome to the “real world” as your attention begins to turn to matters of joining the workforce and actual adult financial matters. Saving for retirement is probably near the bottom of your financial priorities, after paying rent, student loan payments, and determining how much of your income is left for takeout food and Uber rides.

Read More

2019 Summer Saving Strategies

May 1, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning

Temperatures are warming up and flowers are blooming which means summer is right around the corner.  Have you been busy making summer plans?  Are you going to travel somewhere for a well-deserved vacation?  Are you planning to finally read that book you bought last year?  Maybe you’ve been thinking about making some healthy lifestyle changes and getting in more steps each day. 

Read More

Summer Savings Strategies: Guard Yourself Against Identity Theft

Jul 25, 2018

By Jennifer Rigdon, Vice President and Manager, Corporate Communications

An unfamiliar bill. A call from a bank asking about unknown charges. These are signs that your identity may have been stolen. Take these steps to protect yourself:

  • Purchase and start using a cross-cutting shredder.
  • Don’t respond to e-mail, text or phone messages from organizations you don’t know.
  • Use strong passwords for your online accounts.

Read More

Summer Savings Strategies: Keep Your Assets Tax Diversified

Jul 11, 2018

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

When you retire, your savings and investments will likely become a primary source of income. Did you know that how your retirement income is taxed is impacted by both the type of investments and the type of accounts the income is taken from? For federal tax purposes, there are three main categories: taxable, tax-deferred, and tax-free.

Read More

Summer Savings Strategies: Minimize Your Tax Bill

Jun 27, 2018

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

It doesn’t make sense for taxes to be the only factor in investment decision making, but tax consequences should certainly be part of the conversation. This is because keeping investment-related taxes low can increase your overall investment return. For example, investments that are tax-efficient like tax-free municipal bonds, may bests be held in a taxable account. 

Read More

Summer Savings Strategies: Convert Summer Jobs Into Super Savings

Jun 20, 2018

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

If you are like most parents with a household of kids at home for the summer, you are probably trying to figure out what kinds of activities are going to keep them busy all summer long. For those of you with teenagers or college students who will be working during the summer, keep in mind that there are more advantages to that summer job than them having a little more spending money for the weekends or saving up to buy a car.

Read More

Summer Savings Strategies: Fight Inflation

Jun 13, 2018

By Debbie Placke, Vice President, Manager, Financial Planning Tools and Marketing

Even though the last several years have seen lower inflation rates, looking back at the historical average over the past 45 years, inflation has risen at a rate of about 4% per year. This means that your weekly grocery bill as well as utilities and other necessities have increased on average 4% a year. That may not seem much, but you should also consider how your portfolio has been performing.

Read More

Summer Savings Strategies: Diversify Your Assets

Jun 6, 2018

By Bruce Buerkle, CFA, Senior Vice President, Manager Securities Research Support

By combining multiple types of investments—like large, small, growth, value and international companies— as well as having representation in different asset classes and business sectors, you may be able to not only keep up with inflation, but also get a suitable rate of return for a manageable level of risk. Having too much in one stock is called a concentrated equity.

Read More