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Healthy Financial Habits

Tips for Healthy Financial Habits

Posted On: January 12, 2021 by First Option Bank in: Financial Wellness, General, Tips & Tricks

Many American workers save for retirement with a 401k plan. If your job offers a 401k plan as a benefit, it’s important to take advantage of it and interact with this short learning experience to determine how to maximize the money you are putting into it. This lesson will explore: The different types of 401k plans Common features of 401ks, including funding options, limits, and tax savings Options and restrictions around withdrawing money from your 401k CLICK...
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Tags: Financial Education, Financial Habits, Financial Wellness

Debt Management Education

Posted On: January 5, 2021 by First Option Bank in: Financial Wellness, General, Tips & Tricks

Approximately 80% of Americans are in debt – but debt is always a bad thing! Credit cards, student loans, and mortgages are all examples of debt. Learn how to make a plan to manage your debt, with insights around: How to determine how much debt is too much How to calculate your debt-to-income ratio Different strategies to help you pay down debt Reference   CLICK HERE To Learn More
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Tags: Debt, Debt Management, Financial Education, Financial Wellness, Personal Finance

January 2021 Economic Update

January 2021 Economic Update

Posted On: January 1, 2021 by First Option Bank in: Financial Wellness, General, News

In this month’s recap: Stocks closed the year with a solid rally, fueled by the rollout of multiple COVID-19 vaccines and the signing of a new fiscal relief bill.

Monthly Economic Update
 

Presented by First Option Financial Services, January 2021
 

U.S. Markets

A tumultuous year ended on a positive note as stocks rose in December, spurred by the rollout of multiple COVID-19 vaccines and the signing of...

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Tags: Economic Update, First Option Financial Services

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

Small Business Saturday Financial Education

Small Business Saturday Financial Education

Posted On: November 28, 2020 by First Option Bank in: Financial Wellness, General, Tips & Tricks

In honor of Small Business Saturday, we want to help you take steps toward building the business you’ve always dreamed of. Visit our financial education center to learn more about: How to develop a business plan Getting and using credit for your business costs The common financial statements you’ll use
CLICK HERE To Get started

 

Tags: Business, Business Owners, Financial Education, Financial Wellness, Tips & Tricks

Market Insights with Mike

Market Insights with Mike | November 20, 2020

Posted On: November 20, 2020 by First Option Bank in: General, Investment Services

 

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

IRAs Education

IRAs Education

Posted On: November 17, 2020 by First Option Bank in: Banking, Financial Wellness, General, Investment Services, Tips & Tricks

When it comes to saving for retirement, you have many options to choose from to help you reach your savings goals. IRAs, like all accounts, offer their own features that may make them a good option for you. Take this lesson to learn more about: How IRAs compare to other account options The different types of IRAs Opening and using an IRA
  CLICK HERE To Learn More

Tags: Financial Education, Financial Wellness, IRA, IRAs, Retirement, Saving, Tips & Tricks

Market Insights with Mike

Market Insights with Mike | November 13, 2020

Posted On: November 13, 2020 by First Option Bank in: General, Investment Services

 

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

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