Due to today's inclement weather, all ENB Office locations will be closing at 10am. We apologize for any inconvenience this may cause. Our ATMs, Online Banking and ENB Bank on the Go! will continue to be available to assist with your banking transactions.
Being able to send your child to college is near the top of the wish list for most parents. A college education can open doors to many opportunities, and is increasingly necessary in today's economy. But that diploma doesn't come cheap. Unless you are very well off financially, it's difficult to sit on the sidelines for years and then suddenly find the money to pay for college when your child is ready to go. The best thing to do is to start saving as early as possible, even if you're able to save only a small amount at first.
In today's corporate environment, cost cutting, restructuring, and downsizing are the norm, and many employers are offering their employees early retirement packages. But how do you know if the seemingly attractive offer you've received is a good one? By evaluating it carefully to make sure that the offer fits your needs.
With the 2018 tax season underway, all customers should take extra precaution when filing their return to prevent their exposure to tax fraud.
With interest rates rising, like they have over the past year, borrowers with variable rate Home Equity Lines of Credit tend to start thinking about how they can convert to a fixed rate to avoid further increases in the interest they have to pay on their outstanding balance.
There are things you can do to save more for your retirement. Consider four basic strategies: Rearrange Your Priorities Pay yourself first. You may feel that you're not doing the right thing or it may be selfish to put yourself before saving for your children's college education, among other things. However, it is critical that you save for retirement first. Take advantage of all company retirement plans and other tax-free or tax-deferred retirement accounts.
If you are five years or less away from retirement, you're close enough to calculate approximate income and expenses. Your goal is to have enough money to live on comfortably and not outlive your assets. You need to match your expected lifestyle expenditures with your projected cash flow and provide for contingencies, such as extended illness, rapid inflation, and losses in your investments. Cash flow planning is an important part of retirement planning.