Mortgage tips for first time home buyers
Mortgage tips for first time home buyers

Mortgage tips for first time home buyers

January 25, 2023 / David Kuhns

Buying a home for the first time is one of the most meaningful experiences in your life. But finding the home is just one step in the process…

How one savings plan can help you save for college and retirement
How one savings plan can help you save for college and retirement

How one savings plan can help you save for college and retirement

October 13, 2022 / The Merrill Anderson Company

Families with children typically have three important financial objectives: buying a home, saving for college, and building retirement capital. That is a daunting challenge.…

Inherited IRAs for children
Inherited IRAs for children

Inherited IRAs for children

May 02, 2022 / The Merrill Anderson Company

One of the hot estate planning strategies earlier in this century was to name a minor child as the surviving beneficiary of an IRA. The child would have to take Required Minimum Distributions (RMDs) from the IRA every year…

How to create an emergency fund (before the emergency)
How to create an emergency fund (before the emergency)

How to create an emergency fund (before the emergency)

December 10, 2021 / F&M Trust

Name an emergency situation with a relatively large price tag. If you answered roof repair or replacement (or any major home repair), a new transmission for your car, emergency medical expenses not covered by insurance, or living expenses after a job loss, you have a good understanding of what an emergency fund can be used for — and how important it is to have one.…

Tax Law Changes: The American Families Plan and how it might impact you
Tax Law Changes: The American Families Plan and how it might impact you

Tax Law Changes: The American Families Plan and how it might impact you

October 14, 2021 / Erin Sunday

President Biden’s ambitious American Families Plan is billed as “an investment in our kids, our families, and our economic future.” That investment comes to life in the form of programs designed to help families cover the basic expenses with which so many struggle, lowering health insurance premiums, and continuing the American Rescue Plan’s historic reductions in child poverty.…

How to teach kids financial responsibility with an allowance
How to teach kids financial responsibility with an allowance

How to teach kids financial responsibility with an allowance

September 20, 2021 / F&M Trust

The debate over whether to give kids an allowance is as old as the practice itself, but the benefits of giving kids an allowance are clear. Kids who get an allowance are more financially savvy later in life than those who don’t, and are less likely to abuse credit as adults.…

The three best ways to use a credit card
The three best ways to use a credit card

The three best ways to use a credit card

February 03, 2021 / Cynthia Marconi

Credit cards are a secure, convenient alternative to using debit cards, checks or cash to make purchases. They can serve as a powerful money management tool and can help you boost…

Why you totally need a checking account
Why you totally need a checking account

Why you totally need a checking account

November 29, 2020 / Paulo Oliveira

In an era during which convenient financial technology tools — such as Google Pay, Venmo and Apple Pay — are all the rage, do you need a checking account? The answer is a definitive yes. Here’s why…

Is a personal line of credit right for you?
Is a personal line of credit right for you?

Is a personal line of credit right for you?

November 19, 2020 / Sarah Stansfield

A personal line of credit (PLOC) enables borrowers to withdraw funds for a set period of time – known as the “draw period” – on an as-needed basis. A draw period can last for several years. Lines of credit are helpful if you need access to cash…

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