Financial Protection for Seniors

Posted on Aug 15, 2016 in Elder Abuse, Featured, In the News, Peoples Bank News, Peoples Progress e-Newsletter | 0 comments

Financial Protection for Seniors

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 telemarketing calls. Small losses appear to suggest greater vulnerability: a senior who lost as little as $20...

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Immediate Annuities Can Provide Lifetime Income

Posted on Aug 15, 2016 in Featured, Financial Planning, Peoples Progress e-Newsletter | 0 comments

Immediate Annuities Can  Provide Lifetime Income

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 payments to you for a fixed period of time or for the rest of your life. Immediate annuities may appeal to...

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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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