Retirement is knocking at your door. It is countdown time. You know that the choices you make today will ultimately affect your lifestyle in the future. Now is the time to do some careful double-checking of all your plans and preparations.
For those approaching retirement, outliving their savings is one of their biggest concerns. The good news is that you don’t have to cross your fingers and hope for the best. There are several proactive steps you can take to ensure your retirement savings will last. Here we discuss three things you can do to help you keep your retirement savings intact.
If you’re looking to borrow a Home Equity Loan or Line of Credit, the term debt-to-income ratio is likely to come up. This is a major consideration when a lender is evaluating a credit application. You'll want to be sure to know what it means.
At this time, you should move into high gear in making your retirement preparations—both financial and lifestyle. Determine if you'll be eligible for retiree medical and life insurance benefits. If you are planning to retire early, determine what your insurance plans, and Medicare, will and will not cover. You may have to bridge the retirement insurance gap by purchasing additional coverage.
In order to provide you with the best possible banking experience, we are upgrading ENB Online Banking. On Thursday, September 28, our Online Banking service will be unavailable between the hours of 7AM and 12PM.
Almost half of all Americans’ credit information was exposed in the recent Equifax data breach. With those odds, there’s a good chance that you, or someone you know, are one of the 143 million people whose personally identifying information was compromised in the breach. Since your credit is something that follows you through life, we wanted to make sure that you are armed with the information that you need to help protect yourself from identity theft and credit fraud. We compiled some frequently asked questions that should give you a better understanding of what happened and what steps you can take to secure your information.
Here are the key considerations for developing your retirement planning strategy: 1. Financial Foundation. Do you have an adequate emergency fund? Will your insurance coverage be enough so you don't have to depend on your retirement funds in case of death, serious illness, or unexpected disaster?