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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Tips for Teaching Young People About Money

Posted on Nov 5, 2015 in Featured, Managing Your Money, Money Tips, Peoples Progress e-Newsletter | Comments Off on Tips for Teaching Young People About Money

Tips for Teaching Young People About Money

Young people need all the help they can get to survive economically. One of the most important lessons of all is how to make money work. Good money management skills, when taught clearly and by good example, can set a person on a solid road to the future. Here are some helpful tips to support that worthwhile endeavor. Talk about money management often. Discuss with your child not only what you’re doing with money at home, but why you do it that way. Let them see you make financial decisions, and even contribute their thoughts to the process....

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Common Factors Affecting Retirement Income

Posted on Nov 5, 2015 in Featured, Investing, Peoples Bank News, Peoples Progress e-Newsletter | Comments Off on Common Factors Affecting Retirement Income

Common Factors Affecting Retirement Income

When it comes to planning for your retirement income, it’s easy to overlook some of the common factors that can affect how much you’ll have available to spend. If you don’t consider how your retirement income can be impacted by investment risk, inflation risk, catastrophic illness or long-term care, and taxes, you may not be able to enjoy the retirement you envision. Investment risk Different types of investments carry with them different risks. Sound retirement income planning involves understanding these risks and how they...

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