8/20/2015

Investment Webinar



Wondering how to get started investing?  Check out our webinar covering the basics of investing.  Topics covered:
  • Getting the most out of your investments
  • Risk vs Return
  • When is the Best Time to Invest
  • Minimizing Investment Costs
  • Diversification
  • Buy & Hold vs Marketing Timing
  • Minimizing Taxes
  • Rebalancing
To view the webinar CLICK HERE

8/19/2015

Take the Challenge: September Classes Enrolling

Get your free financial makeover by enrolling in Bank On.  New classes beginning September 1!  Don't miss out on this opportunity to:
  • Improve Income Opportunity
  • Grow Savings
  • Reduce Debt
  • Build Credit
  • Protect your Finances from Loss
Participants will have a financial plan to help them reach their own personal goals and it only takes one class per month and a meeting with your personal financial coach.  All at no cost to you!

Businesses Benefit from Your Lack of Cash

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7/30/2015

No Cost Retirement Boost

A recent Financial Engines Study suggested that Americans are leaving $24 Billion on the table by not maxing out their employer's retirement match or an average of a little more than $1,300 per person. That is money that should have been ours!   In other studies, the Consumer Financial Protection Bureau estimates we are paying $34 Billion in excess fees like late fees and overdraft fees.  More money in the wrong pockets!


What would happen if we were able to operate in a world where we didn't pay such fees and took that money to boost our retirement?  Let's see.... if $24 billion averages out to $1,300 per person, then $34 billion would be around $1,850.  Right off the bat we could see a nice little boost for our retirement of $3,150!  That is free money since it didn't change your cost of living one bit and it didn't increase debt or deplete savings.  Oh, boy, I am feeling a bit rich!


Now, what would happen if I could do that every year over the next 40 years of my working career.  Using my handy dandy Excel Spreadsheet I calculate the future value of $3,150 invested each year over 40 years at 10% rate of return and presto chango... I have almost $1.4 million stashed away for my dream retirement seeing all the sights and resting with a cold drink on the beach!



Now to get there, the trick is, I need to make sure that I have a good handle on my cash flow so that I never overdraft or incur late fees on my accounts AND I need to participate in my employer's retirement plan and maximize that match!  If you need help getting started.  Bank On is here for you.  In 10 months you could see greater financial control and get yourself on a financial plan to achieve your dreams.  Now is the time to get started.  You can enroll today at www.bankonhamptonroads.com for the classes beginning soon.  Check out our calendar of classes while you are there.  Best thing; it is FREE, no cost to you, pro bono.... you get the idea!  See you soon.