Tag: retirement security
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Business Succession Planning – give me the skinny!
Posted On: April 7, 2022 by Falcon National Bank in: Manage your Business | Business Banking
Business succession is the process of implementing several estate plan and business strategies that will assist in the successful transition of a business. Transitions take place for different reasons. It may be when the business owner is ready to take on a different role within the business, at the business owner’s retirement, or at the owner’s passing away. No matter the reason, a well thought out succession plan will help ensure the transition to the next generation of the business...
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IRAs: The Basics
Posted On: April 4, 2019 by Falcon National Bank in: Invest your Money | Investment Banking
An individual retirement account (IRA) allows you to save money for retirement in a tax-friendly way. Most people don’t start thinking about retirement until they’re close to that age. It’s hard to imagine saving for retirement when you’re just trying to get by. Between student loan debt and the cost of living, most Millennials don’t have the luxury to plan for retirement. However, if you are not saving for retirement now, you are missing out on major opportunities to...
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5 Tips for Achieving Financial Security
Posted On: January 30, 2019 by Falcon National Bank in: Invest your Money | Investment Banking
When I was in fourth grade my mother asked me to clean the refrigerator. The fridge was white and instead of just cleaning it, I decided to spray it with a can of white paint! It did not work so well. I remember my father telling my mother, “Well honey, it’s a good thing we have 10 kids. At least one of them should be able to take care of us when we retire!” Relying on your children to take care of you during your retirement years may not be the easiest solution to achieving...
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