The newest challenge to present itself, and the hot topic for discussion at the moment, are trade tariffs enacted by the current administration. As tariffs pertain to CRE, the most immediate impact is escalating construction costs and the potential for new supply chain disruptions contributing to overall uncertainty in the near-term.
Over time, there has been an increased focus on fiduciary responsibility. Why? Defined contribution plans, such as 401(k) plans that were originally designed to supplement traditional defined benefit pension plans or other employer-funded plans, have become the primary retirement savings vehicle for most Americans. Professionals at First Bank have extensive knowledge and experience of fiduciary issues. As such, we are in a unique position to assist plan sponsors.
Saving for retirement is a long, but worthwhile journey and it’s ideal to start saving as soon as possible. The most recent survey released by the Federal Reserve on consumer finances indicates that the median retirement savings those aged 35 and younger is only $18,000.
You want to retire comfortably when the time comes. You also want to help your child go to college. So, how do you juggle the two? The truth is, saving for your retirement and your child's education at the same time can be a challenge.
There are several reasons, aside from tax deferral, that may make a deferred annuity a sound funding choice for your IRA. Find out what they are.
Financial planning is a crucial aspect of managing your finances, particularly when it comes to investments and retirement planning. Creating a financial plan with a trusted professional will not only increase your chances of a successful retirement, but it should also provide clarity and peace-of-mind to live a full and productive life.
Are you nearing retirement? If so, it's likely you'll have many questions about Social Security. Here are a few of the most common questions and answers about Social Security benefits.