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Archive - December 2020

Lessons on Creating a Budget

Lessons on Creating a Budget

Posted On: December 29, 2020 by First Option Bank in: Financial Wellness, General, Tips & Tricks

Only about one third of Americans create and maintain a budget – are you one of them? A budget can help you stay on top of your finances by helping you plan where your money will go instead of wondering where it went. This short lesson will help you learn more about how to: Identify your income sources as well as your expenses Create a new budget or reevaluate an existing one Apply strategies to monitor your spending and stick to your budget

Reference
 

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Tags: Creating a budget, Financial Education, Financial Wellness, Personal Finance, Tips & Tricks

When to Collect Social Security Education

When to Collect Social Security Education

Posted On: December 22, 2020 by First Option Bank in: Financial Wellness, General, Tips & Tricks

Even if you have a great savings plan in place, Social Security can be an important source of future income. Take our short lesson to learn more about Social Security and how you might plan to use it to support your living expenses in retirement. We will explore: The significance of Social Security to your retirement income How the timing of collecting Social Security affects your benefits Evaluating how much of your retirement expenses Social Security will cover
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Tags: Financial Education, Financial Planning, Financial Wellness, Retirement, Social Security, Tips & Tricks

Market Insights with Mike

Market Insights with Mike | December 18, 2020

Posted On: December 18, 2020 by First Option Bank in: General, Investment Services

 

Tags: Financial Services, First Option Financial Services, Investments, Market, Market Insights, Market Update, Mike McCauley

Certificates of Deposit Education

Certificates of Deposit Education

Posted On: December 15, 2020 by First Option Bank in: Banking, Financial Wellness, Tips & Tricks

Certificates of Deposit, or CDs, are a type of financial account designed to hold your money for a fixed amount of time with low associated risk – and you earn guaranteed interest in return! Learn more about what is involved in opening a CD to decide if this saving tool is right for you. This lesson will cover: CD options offered by financial institutions How to calculate your interest earnings The pros and cons of CDs, compared to other accounts
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Tags: CDs, Certificates of Deposit, Financial Education, Financial Wellness

Market Insights with Mike

Market Insights with Mike | December 11, 2020

Posted On: December 11, 2020 by First Option Bank in: Investment Services, News, Tips & Tricks

 

Tags: Financial Services, Financial Wellness, First Option Financial Services, Investments, Market, Market Insights, Market Update, Mike McCauley

Planning for a Financial Caregiver Education

Planning for a Financial Caregiver Education

Posted On: December 8, 2020 by First Option Bank in: Financial Wellness, Tips & Tricks

Financial independence can be difficult to maintain once you or a loved one becomes ill or mentally impaired. While you can’t plan for every circumstance, there are decisions you can make now that will help make potential unforeseen situations easier. This short course will help you: Explore future situations where you might need a financial caregiver Compile the documents needed to create a financial plan Discuss the topic of appointing a financial caregiver with loved ones Read More

Tags: Financial Caregiver, Financial Education, Financial Wellness, Planning, Tips & Tricks

Market Insights with Mike

Market Insights with Mike | December 4, 2020

Posted On: December 4, 2020 by First Option Bank in: Investment Services, News, Tips & Tricks

 

Tags: Financial Services, Financial Wellness, First Option Financial Services, Investments, Market, Market Insights, Market Update, Mike McCauley

Small Business Financial Statements Education

Small Business Financial Statements Education

Posted On: December 3, 2020 by First Option Bank in: Banking, Financial Wellness, Tips & Tricks

Business financial statements don’t have to be intimidating, and understanding how to read them can help your business thrive. Learn about the three primary financial statements that are critical tools for managing your business: income statements, balance sheets, and cash flow statements.

This lesson will help you:

Understand the importance of business financial statements Learn how to use income statements, balance sheets, and cash flow statements Explain how business...
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Tags: Financial Education, Small Business, Small Business Financial Statements, Tips & Tricks

Economic Update

December 2020 Economic Update

Posted On: December 1, 2020 by First Option Bank in: Investment Services, Trust Services

In this month’s recap: Stock prices powered higher and energized investors thanks to a month-long succession of positive news events.

Monthly Economic Update
 

Presented by First Option Financial Services, December 2020

 

U.S. Markets

Stock prices powered higher and emboldened investors in November thanks to a series of positive news events.

The Dow Jones Industrial Average,...

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Tags: Economic Update, First Option Financial Services

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