Avoid Thieves in Lender Clothing

Posted on May 6, 2016 in Featured, Peoples Bank News, Peoples Progress e-Newsletter | Comments Off on Avoid Thieves in Lender Clothing

Avoid Thieves in Lender Clothing

Don’t think that because someone is offering you a loan that person isn’t working to steal what you have! The FDIC warned that some thieves pose as lenders in order to get sensitive personal information. In Beware of Thieves Who Target Loan and Credit Card Shoppers, the FDIC’s Consumer News last Fall suggested 3 precautions: Deal only with reputable lenders. Be extra cautious of promotions made via the Internet or Phone. Be aware of potential mortgage foreclosure and loan modification scams. But how would you know if a...

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Handling Market Volatility

Posted on May 6, 2016 in Featured, Financial Planning, Investing, Peoples Bank News, Peoples Progress e-Newsletter | Comments Off on Handling Market Volatility

Handling Market Volatility

Conventional wisdom says that what goes up must come down. But even if you view market volatility as a normal occurrence, it can be tough to handle when your money is at stake. Though there’s no foolproof way to handle the ups and downs of the stock market, the following common-sense tips can help. Don’t put your eggs all in one basket Diversifying your investment portfolio is one of the key tools for trying to manage market volatility. Because asset classes often perform differently under different market conditions, spreading...

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How to Prepare for Buying a Home

Posted on Feb 4, 2016 in Featured, Home Loans, Mortgage, Peoples Progress e-Newsletter | Comments Off on How to Prepare for Buying a Home

How to Prepare for Buying a Home

Many people try to buy a home backwards, a frustrating and unsatisfactory problem for all parties. It makes us sad when we see it happen. What do we mean by buying a home “backwards”? People who start home shopping before researching their loan options, learning what they can really afford, and uncovering all the costs associated with home-buying process. For the inexperienced buyer, going into a home purchase ill-prepared is certain to lead to disappointment – if not failure. A home is the biggest financial commitment most...

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Five Questions and Answers about New Social Security Claiming Rules

Posted on Feb 4, 2016 in Featured, Investing, Peoples Progress e-Newsletter | Comments Off on Five Questions and Answers about New Social Security Claiming Rules

Five Questions and Answers about New Social Security Claiming Rules

When Congress unexpectedly eliminated two Social Security claiming strategies as part of the Bipartisan Budget Act of 2015, retirement planning got a little more complicated for people who expected to use those strategies to boost their retirement income. Here are some questions and answers that could help if you are wondering how the new rules might affect you. What’s changing? The provision of the budget bill called “Closure of Unintended Loopholes” primarily addresses two Social Security claiming strategies that have...

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