Help Children Stay Safe Online

Help Children Stay Safe OnlinePerhaps the biggest internet threat isn’t your identity, it’s the threat to your children and grandchildren. Guardians of children are better off being proactive and preparing their defenses against online threats.

Bullies aren’t just in the school yard, they are also online. Predators are a constant threat, and now mobile devices can give them an extra “in” to vulnerable children. Knowing that, and knowing what form that threat can take is important information for responsible adults to have. It’s also important to know what parental controls are available. Here are a few tips and links from the Consumer Information section of

  • Your communication link to your kids should be better than the best internet connection. So if your kids are online, make sure you protect your communication link. Talk to your kids, openly and honestly. Teach them how to use the internet without being used by it.
  • If your kids are online, they’re old enough to know about security practices, phishing, P2P file-sharing and apps. Here’s a link to help you help them avoid the dangers.
  • Do your kids use a mobile phone? Find out how to manage their risks.
  • Are your kids accessing online worlds, also known as virtual worlds, intended for adults? Find out how to find out.

The Federal Trade Commission (FTC) is responsible for consumer protection and has extensive resources posted on its website. There are hundreds of pages of helpful content, but the best place to start is the Kid’s Online Safety page.

The local Catawba county school system will also have information and local resources and contacts such as Catawba Parenting.

Myths and Facts About Social Security

Myths and Facts about Social Security

Myth: Social Security will provide most of the income you need in retirement.

Fact: It’s likely that Social Security will provide a smaller portion of retirement income than you expect. There’s no doubt about it—Social Security is an important source of retirement income for most Americans. According to the Social Security Administration, more than nine out of ten individuals age 65 and older receive Social Security benefits.

But it may be unwise to rely too heavily on Social Security, because to keep the system solvent, some changes will have to be made to it. The younger and wealthier you are, the more likely these changes will affect you. But whether retirement is years away or just around the corner, keep in mind that Social Security was never meant to be the sole source of income for retirees. As President Dwight D. Eisenhower said, “The system is not intended as a substitute for private savings, pension plans, and insurance protection. It is, rather, intended as the foundation upon which these other forms of protection can be soundly built.”

Major Sources of Retirement IncomeNo matter what the future holds for Social Security, focus on saving as much for retirement as possible. You can do so by contributing to tax-deferred vehicles such as IRAs, 401(k)s, and other employer-sponsored plans, and by investing in stocks, bonds,and mutual funds. When combined with your future Social Security benefits, your retirement savings and pension benefits can help ensure that you’ll have enough income to see you through retirement.

Myth: Social Security is only a retirement program.

Fact: Social Security also offers disability and survivor’s benefits. With all the focus on retirement benefits, it’s easy to overlook the fact that Social Security also offers protection against long-term disability. And when you receive retirement or disability benefits, your family members may be eligible to receive benefits, too.

Another valuable source of support for your family is Social Security survivor’s insurance. If you were to die, certain members of your family, including your spouse, children, and dependent parents, may be eligible for monthly survivor’s benefits that can help replace lost income.

For specific information about the benefits you and your family members may receive, visit the SSA’s website at, or call 800-772-1213 if you have questions.

Myth: If you earn money after you retire, you’ll lose your Social Security benefit.

Fact: Money you earn after you retire will only affect your Social Security benefit if you’re under full retirement age.

Once you reach full retirement age, you can earn as much as you want without affecting your Social Security retirement benefit. But if you’re under full retirement age, any income that you earn may affect the amount of benefit you receive:

  • If you’re under full retirement age, $1 in benefits will be withheld for every $2 you earn above a certain annual limit. For 2014, that limit is $15,480.
  • In the year you reach full retirement age, $1 in benefits will be withheld for every $3 you earn above a certain annual limit until the month you reach full retirement age. If you reach full retirement age in 2014, that limit is $41,400.

Even if your monthly benefit is reduced in the short term due to your earnings, you’ll receive a higher monthly benefit later.That’s because the SSA recalculates your benefit when you reach full retirement age, and omits the months in which your benefit was reduced.

Myth: Social Security benefits are not taxable.

Fact: You may have to pay taxes on your Social Security benefits if you have other income.

What is your full retirement age?If the only income you had during the year was Social Security income, then your benefit generally isn’t taxable. But if you earned income during the year (either from a job or from self-employment) or had substantial investment income, then you might have to pay federal income tax on a portion of your benefit. Up to 85% of your benefit may be taxable, depending on your tax filing status (e.g., single, married filing jointly) and the total amount of income you have.

For more information on this subject, see IRS Publication 915, Social Security and Equivalent Railroad Retirement Benefits.

Contact our Peoples Investment Services, Inc. representative at 828-464-5620 or 

This information, developed by an independent third party, has been obtained from sources considered to be reliable, but Raymond James Financial Services, Inc. does not guarantee that the foregoing material is accurate or complete. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Investments mentioned may not be suitable for all investors. The material is general in nature. Past performance may not be indicative of future results. Raymond James Financial Services, Inc. does not provide advice on tax, legal or mortgage issues. These matters should be discussed with the appropriate professional.

Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, an independent broker/dealer, and are not insured by FDIC, NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2014

Medical Expenses and Tax-Preferred Savings

Medical Expenses and tax preferred savingsBy now everybody knows about tax-preferred Individual Retirement Accounts (IRA), but do you know about a similar account to help pay for certain medical expenses? It’s called a Health Savings Account (HSA). Your community bank wants to help, and can provide more information. Here are the basics:

  • If you are enrolled in only one health insurance plan and it has a high deductible, you probably are eligible to open an HSA.
  • Help you avoid the shock to your finances that a sudden large medical bill can cause. Money can accumulate in the account from year to year. And, expenses related to eligible medical expenses are tax-deductible.

Like any financial instrument, you do well to inform yourself about the pros and cons of an HSA account. They may not be for you, nor may they be to your advantage. Get more information about the advantages and common pitfalls of Health Savings Accounts from the Treasury Department. Many community banks, including Peoples Bank, offer HSAs. Get information about Peoples Bank consumer accounts.

Stay Financially Healthy by Understanding Your Earnings

Stay Financially Healthy by Understanding Your EarningsJust about everybody has made the mistake of overestimating the money they think they have coming in. And then you learn the secret: there are costs that reduce your “take home pay”. Knowing what they are and when they kick-in can save you lots of headache.

To make the most of what you earn, you need to really understand your pay and benefits. It’s not enough to simply know what you get paid; you need to know about the fine print and details of your paycheck. Want to find out how to do a better job of managing your earnings? Learn what actions you can take and get tips and resources from’s “Earn” page.

Making the most of your money takes work, and it also takes good thinking. To help people know how to think about their financial health, experts have identified 5 key principles: Earn, Save & Invest, Protect, Spend, and Borrow. Each of these 5 principles are discussed in depth on

The federal government has a vested interest in your financial health. The recent economic trouble caused many federal agencies to join forces to bulk up defenses against consumer financial instability. The result was the Congressionally-charted Federal Financial Literacy and Education Commission and its website.

Peoples Voice will be posting brief highlights from this site to help its customers and future customers learn how to make their families economically secure.