Are You Saving Enough For Retirement?
Saving for retirement is no easy task, but a new study says you don’t need to be a Powerball winner to put away enough cash for old age. According to the study by Fidelity Investments, 45 percent of those surveyed in 2015 were on track to cover essential expenses during their retirement, up from 38 percent in 2013. Although that’s still less than half the population, the percentage is heading in the right direction. One reason: People...
Money Talk: 529 Plans Are Among the Best Savings Vehicles
Question: I recently gave birth to a little boy. I am wondering about the best savings vehicle that would offer flexibility for when family gives him money. I don’t want to tie it up in a 529 college savings plan in case he doesn’t want to go to college or has other needs. Answer: If you want your child to have a reasonable shot at a middle-class lifestyle in the future, some kind of post-secondary education will be necessary. It may...
Mascoma Savings Bank CEO Announces Retirement Plans
Lebanon — Stephen Christy, longtime president and CEO of Mascoma Savings Bank, has announced his retirement, effective Jan. 1, 2017. Christy, who was named 2014 community banker of the year by the New Hampshire Bankers Association, joined the bank as a teller in 1973 and rose through the ranks, taking the helm in 1990. He saw the mutually owned bank through a series of unprecedented changes, including global financial crises, the...
The 5 Biggest Financial Lies We Tell Ourselves
When it comes to your finances, it’s much easier to lie to yourself than admit your shortcomings. But whether you have a bad habit of putting off retirement savings or ignoring your debts, little everyday lies can have long-term consequences. If you want to climb out of debt and save for the future, you’ll need to stop lying to yourself and start honestly assessing your financial situation. Start today by owning up to these five...
Save, Don’t Splurge, Once College Bills Stop Arriving
The kids are finally done with college and there are no more horrifying tuition bills ruining your mail. So what do you do? Splurge on gifts, fix up the house, take a vacation, pay bills, or stuff a little more cash into the retirement saving account you’ve been neglecting. If you are like many parents, you’ve been promising yourself for years that you will start saving for retirement in earnest once the children-related expenses end....
