Protect the Identity of the Dead

Posted on Feb 2, 2017 in Featured, Online Security, Peoples Progress e-Newsletter |

Family members are not generally at risk from the theft of a dead loved one’s identity. But nobody wants to have to deal with the hassle that can happen when a bad guy uses the identity of a deceased to file a fake tax return or open a credit account. Here’s what you need to know about the issue, and how to protect your family from the threat. AARP reports that each year millions of identities from deceased persons are hijacked. And...

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Deciding When to Retire: When Timing Becomes Critical

Posted on Feb 2, 2017 in Featured, Investing, Peoples Progress e-Newsletter |

Deciding when to retire may not be one decision but a series of decisions and calculations. For example, you’ll need to estimate not only your anticipated expenses, but also what sources of retirement income you’ll have and how long you’ll need your retirement savings to last. You’ll need to take into account your life expectancy and health as well as when you want to start receiving Social Security or pension benefits,...

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Tips for Saving Money (even if you don’t have a lot)

Posted on Nov 10, 2016 in Featured, Money Tips, Peoples Progress e-Newsletter, Personal Financial Insights |

These days, with interest rates at historic lows, the good news is that loans are more affordable than when rates were higher. The bad news is that saving money to create wealth takes more thought and effort. Because of the Rule of 72, simply putting some money in a savings account used to be an effective strategy. Back when deposit interest rates were 4%, interest alone would double your initial deposit in just 18 years. Now, with rates near...

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Five Questions about Long-Term Care

Posted on Nov 10, 2016 in Featured, Financial Planning, Investing, Peoples Progress e-Newsletter |

1. What is long-term care? Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. There are three levels of long-term care: Skilled care: Generally round-the-clock care that’s given by professional health care providers such as nurses, therapists, or aides under a doctor’s supervision. Intermediate care: Also provided by professional health care providers but on...

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Financial Protection for Seniors

Posted on Aug 15, 2016 in Elder Abuse, Featured, In the News, Online Security, Peoples Bank News, Peoples Progress e-Newsletter |

Seniors are increasingly victimized by fraud. Sometimes by strangers, but other times care-givers, friends and even family members abuse vulnerable older ones financially. Recent statistics on elder abuse from TrueLink research indicate that such crimes are increasing: A person who receives just one telemarketing call per day is said to likely experience three times as much financial loss as someone who receives no or only occasional...

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Immediate Annuities Can Provide Lifetime Income

Posted on Aug 15, 2016 in Featured, Financial Planning, Peoples Progress e-Newsletter |

Running out of income is a primary concern for most retirees. Immediate annuities offer a financial alternative to help meet retirement income needs by providing a steady stream of income designed to last through retirement. What is an immediate annuity? An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of money in exchange for the issuer’s promise to make...

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