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Aug 03, 2022
3 Steps to Outsmarting Malware
Malware – short for “malicious software” – is any program that runs on your system that is unauthorized by you or performs some unauthorized function. The person who created the malware may intend to cause you or your system harm, steal your private information, or hold your data for ransom. Frequently banking fraud is facilitated by malware, since malware is able to watch web traffic and read information stored on your system (including passwords!). And malware attacks are increasing once again in 2022, with an 11% increase in volume this year according to SonicWall.
Aug 03, 2022
Jul 07, 2022
Knowledge for College: Banking Tips for Young Minds
Going to college is a time of excitement, anticipation and new challenges combined with a dose of anxiety from the unknown. Navigating this new path of independent living can be overwhelming and scary at times. Many young people will have to make decisions for the first time about how to budget their money or consider various financial choices. Managing your money while in college shouldn’t add to the stress of college students, especially considering the effort and determination it takes to earn this money.
Jul 07, 2022
Jun 28, 2022
Elder Financial Abuse: How to Identify and Protect Yourself and Others
Elder financial abuse is a type of fraud which involves the misappropriation of financial resources belonging to an elder, within the context of a relationship where there is an expectation of trust and care. In other words, elder financial abuse happens when elderly individuals are preyed upon for financial gain. These schemes can range from simple theft in the form of unauthorized check cashing, to legal document abuse such as fraudulent transfer of Power of Attorney, to more complex schemes such as extortion.
Jun 28, 2022
Jun 28, 2022
How to Leverage Your Home's Equity in a Rising Interest Rate Environment
After a period of near historic low interest rates, it was inevitable that rates would eventually rise. Leveraging your home’s equity is still a valuable resource, and gaining a better understanding of the difference between a home equity loan and a home equity line of credit may help you in deciding which solution is right for you.
Jun 28, 2022
Jun 28, 2022
Should You Convert Your Traditional IRA to a Roth IRA?
There are many reasons to consider having a Roth IRA as part of your retirement picture, and anyone can convert a traditional IRA to a Roth IRA in 2022. There are no income limits or restrictions based on your tax filing status. You generally must include the amount you convert in your gross income for the year of conversion, but the post-tax portion of any conversion won't be taxed when you convert.
Jun 28, 2022
Jun 28, 2022
Bonds, Interest Rates, and Inflation
2022 has certainly been an interesting and somewhat stressful year for investors, with high inflation and market volatility dominating the financial news daily. During all of this, even bonds—historically less risky than stocks—have decreased in value year to date. To understand why, you must first understand the nature of bonds and why interest rates and inflation can impact the prices.
Jun 28, 2022
Jun 17, 2022
Don’t Forget the Golden Rule in Times Like These
Well, it’s official – we’re now in a bear market! Stocks, as measured by the S&P 500 Index (a proxy for large U.S. companies), have fallen by more than 20% from their all-time highs, while the Nasdaq Composite Index (almost half represented by technology companies) and the Russell 2000 Index (a proxy for small, U.S. companies) have both fallen by more than 30% from their respective highs. Even bonds, as measured by the iShares Core U.S. Aggregate Bond ETF and generally considered a safer type of investment, are down by more than 13% from their recent peaks. Right or wrong, markets have priced in a recession, very few things are working for investors, and it’s easy to understand why many people are feeling a sense of despair. It’s also the exact time when investors need to be reminded of the Golden Rule – sell high and buy low.
Jun 17, 2022
Jun 15, 2022
Our Perspective on Recent Market Activities - June 2022
Equity markets sold-off on Friday, following a disappointing Consumer Price Index (CPI) reading that showed headline inflation picked up last month, and that selloff continued through Monday. CPI was reported at 8.6% year-over-year, higher than last month’s 8.3% increase, and ahead of expectations. Core CPI, which excludes food and energy, came in slightly ahead of estimates at 6.0%, but that was down from 6.2% in April.
Jun 15, 2022
May 27, 2022
Don’t Forget to Plan
Some smart person once said, “If you fail to plan, you are planning to fail.” This catchy piece of wisdom applies to protecting your personal information as well, since the minor disasters that can impact your private data occur quite regularly. For instance, the hard drive in your computer may have an expected lifetime of 6 years, over which time it has a 1-2% chance of failing every year. Once you have owned it for a few years, your chance of a drive failure gets uncomfortably high.
May 27, 2022
May 09, 2022
Inflation: How Did We Get Here and What Can Be Done About It
If you’re in your 50s, o.k. early 50s, you probably remember a time when a gallon of gas cost less than a dollar, when a gum ball cost a penny and when a giant shopping cart of groceries cost less than $100 – ah, the good old days. Today, gas is over $4 a gallon, a gum ball costs a quarter and your hundred dollars probably buys you half a cart of groceries, if you’re lucky. That’s inflation folks and it can become more pervasive when governments implement poor policies, when input costs rise, and when demand exceeds supply.
May 09, 2022
May 09, 2022
Our Perspective on Recent Market Activities - May 2022
Markets rallied following the Fed’s announcement of a 0.50% rate increase on Wednesday, due in part to hearing that larger rate increases were not imminent. But those gains evaporated Thursday as equity markets fell on the realization that the process of normalizing rates is just beginning.
May 09, 2022
Apr 26, 2022
Understand the Risks of Payment Fraud - Prevention and Protection

While high technology crimes make headlines, good old-fashioned checks are the largest vehicle for payment fraud according to Associates for Financial Professionals (AFP) Payment Fraud Survey (www.afponline.org).

Apr 26, 2022
Apr 26, 2022
Financing Equipment for your Business
You have found the perfect piece of equipment or vehicle for your company and now have a number of decisions to make. Do you pay cash or finance the asset? If you finance it, do you take out a loan or a lease? For how long? Do you obtain a fixed interest rate or a variable interest rate? Let’s breakdown some of the key questions when it comes to financing new equipment for your business.
Apr 26, 2022
Apr 25, 2022
Investor Concerns and Looking Ahead
After a sizzling 2021 and a roaring 4th quarter, equity markets began 2022 on a distinct down-note. Recovery from the COVID pandemic provided blue skies for two years of solid equity gains, but storm clouds were brewing on the horizon. Increased inflation caused interest rates to drift higher during the fourth quarter of 2021, and that rise began to accelerate in the new year, precipitating a sharp decline in equities, even before any official rate hikes by the Federal Reserve. Adding to the downdraft was a slump in economic activity from a resurgent COVID virus around the world, and then the onset of war in Europe as Russia invaded Ukraine. By their mid-March lows, the S&P 500 had entered correction territory with a decline of over 10%, and the NASDAQ Composite was in a bear market with a decline of more than 20% from its high.
Apr 25, 2022
Apr 25, 2022
Investor Concerns and Looking Ahead
After a sizzling 2021 and a roaring 4th quarter, equity markets began 2022 on a distinct down-note. Recovery from the COVID pandemic provided blue skies for two years of solid equity gains, but storm clouds were brewing on the horizon.
Apr 25, 2022
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