3 Reasons to Stick With Your Ex-Employer’s Retirement Plan
Monday, 26 January 2015
by Mercer Savings Bank
When you leave a job, it only seems natural to cut all your ties to your former employer as quickly as possible. For many people, that means taking money out of their old employer-sponsored retirement plan account. Simply taking the money and spending it leads to immediate taxation for all, plus a 10 percent penalty
- Published in News & Events, Saving Tips
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5 Reasons to Prep for Retirement in Your 20s and 30s
Tuesday, 20 January 2015
by Mercer Savings Bank
If you’re in your 20s and 30s, how often do you think about the financial security and stability of your retirement? Not much, I bet, because it’s a fuzzy concept with lots of time between then and now. But it’s important that millennials spend some time thinking about saving for the future. Let’s walk through
- Published in News & Events
5 New Realities of Planning Your Retirement
Monday, 12 January 2015
by Mercer Savings Bank
Pensions are a distant memory for many of us. We all worry about the future of Social Security and the escalating cost of health care. Meanwhile, our life expectancies have increased, and we can look forward to a longer, healthier and more expensive old age. But Americans are practical. We adjust our lives to deal with changing
- Published in News & Events, Saving Tips
6 Money Goals You Should Conquer in Your 20s
Monday, 05 January 2015
by Mercer Savings Bank
Are you a twenty-something who feels overwhelmed by your personal finances? You’re not alone. When you’re just starting out and learning to manage your money, there’s a lot to learn and many milestones to work toward. How do you know what to prioritize? What should you accomplish first? Use this as your guide to goals.
- Published in News & Events