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For new professionals beginning a career in their early 20’s retirement can seem light years away. I certainly felt this way in my early 20’s, and to some extent still feel in my mid 30’s. The reality is retirement is not that far away. The longer millennials wait to start saving, the more difficult achieving retirement goals will be. For a long time the combination of Social Security and in most cases a pension ensured a semi comfortable retirement. Adding a 401k and/or IRA to the mix was just icing on the cake. For most job families pensions are a thing of the past, and social security is a big question mark. This leaves personal retirement savings as the most reliable way for millennials to achieve their retirement goals. So why is it so important to start early?
It happens all the time. A business is positioned for success, but doesn’t necessarily have the capital on hand to fund their dreams of growth, whether that’s purchasing a new piece of equipment, a new vehicle or any other “piece of the puzzle” to help their business grow and succeed. They need a financial partner that can provide the lending support they need to take that next step.
There is an old saying from Roman statesman, Lucius Annaeus Seneca, that “luck is a matter of preparation meeting opportunity.”
Are you prepared for the moment when your perfect house becomes available? The best way to be prepared is to be fully pre-approved for mortgage financing. I am not talking about a “pre qualification” where you have a 10 minute phone call with someone who asks how much you make, how much you have in the bank, and how you think your credit is, and then punches some numbers in a calculator and spits out a monthly payment you might be able to afford. Nor is it typing some numbers into your iPad screen and taking a shot at the moon to have a website tell you how much you can afford.
Rhinebeck is one of the more lively towns in the Hudson Valley, with cute local shops, amazing restaurants and cobblestone streets to walk down, you can make a day our of your next bank visit.
As I am sure most of you are aware, Valentine’s Day can get expensive, but we are here to help you save some money with some tips and tricks for this upcoming holiday. When one thinks of Valentine’s Day, they usually think of flowers, jewelry and chocolates, but with a little creativity (and our help), there are several thoughtful alternatives to show your loved ones you still care by breaking the mold and not your bank account.
When living in such a gorgeous location like the Hudson Valley, you should always take some time to enjoy the scenery and get involved with some fun activities for every season. Now that winter’s here, it’s time to go out, enjoy the snow, and get into some holiday activities!
Black Friday. Small Business Saturday. Cyber Monday.
That screaming you hear may just be coming from your wallet after what is traditionally the biggest shopping period of the year. While it certainly does make you feel good to get the perfect gifts for those you love during the holidays, it’s important that you manage your debt this time of year so that you don’t experience the post-holiday shopping blues.
Here we are again! The holiday season is upon us, and for most of us that means family, food, and shopping! And quite a lot of it. It seems that each year those Black Friday special deals are promoted earlier and earlier, so much so that you can’t even keep track of when to get what.
Establishing and building credit are very important parts of one’s financial well-being. A solid credit history, among other things, is an important factor that is usually considered when a consumer is applying to borrow money. Credit scores and your credit history can impact your ability to borrow money in a number of ways, including when buying a car, opening a line of credit, buying a home, and so on. What exactly impacts your credit? According to credit bureau Experian, there are 5 key factors to consider:
We have all heard it many times - to make money, you need to spend money. Like many small businesses, you might be finding yourself at the point where you find it necessary to borrow to continue to grow. Are you looking to purchase new equipment to increase inventory? Are you in need of a new or bigger commercial vehicle? When it comes to growth or borrowing funds, one of they key components to making it a beneficial business decision is timing.
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