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Archive - November 2021

Retirement Savings

5 Things You Can Do When Your Retirement Savings Just Isn’t Enough

Posted On: November 24, 2021 by First Option Bank in:

5 Things You Can Do When Your Retirement Savings Just Isn’t Enough Experts tell us that our retirement goal should be a savings that totals 80% of our annual income for 30 years. For some of us, that’s over a million dollars! Many issues get in the way of our ability to save that much. Sometimes we’re paying back student loans well into middle age, or we have unforeseen emergencies, or our employment isn’t consistent.   We’ll receive a little income...
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Tags: Financial Education, Financial Wellness, First Option Financial Services, Retirement Savings

Average Retirement Age

The average retirement age in the U.S. is...

Posted On: November 3, 2021 by First Option Bank in: Financial Wellness

U.S. Census Bureau data shows that on average, men in the United States retire at age 65 and women at age 63. There is a discrepancy between that reality and the expectation that younger Americans, aged 18-29, predict they will retire earlier at 63 years old.

No matter your age or your expectations, the best time to start planning and saving for your retirement is right now. 

There are different strategies and vehicles to help you jump into your golden years. Visit the...

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Tags: Financial Education, First Option Financial Services

Economic Update

November 2021 Economic Update

Posted On: November 1, 2021 by First Option Bank in: Financial Wellness, Insurance Services, Investment Services, News

In this month’s recap: Stock prices notched solid gains as a strong start to the corporate earnings season fired up investors.

Monthly Economic Update

Presented by First Option Financial Services, November 2021

U.S. Markets

A strong corporate earnings season renewed investor enthusiasm for stocks and propelled the market to healthy gains in October.

The Dow Jones Industrial Average advanced 5.84 percent while...

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Tags: Economic Update, First Option Financial Services

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