First Federal Bank Blog

It’s some of the most common financial advice — if you want to grow your savings, invest. However, getting started with investing can be a daunting task, especially with so many myths surrounding the topic. We’re here to clear the air and address some common misconceptions about investing.

If you’ve amassed significant savings for your retirement, it’s important to think about what you’ll do with the money. Would you prefer to spend it on yourself, give it away, or hang on to it and leave an inheritance for your children or other loved ones? Your answer will depend on a wide variety of factors, of course, but here are some points to...

You work hard because you want to set your family up for the future they deserve. Unfortunately, there may come a time where you’re not there to share that future with them. Because of all the uncertainties that life presents, it’s never a bad idea to know what happens if you should die and leave unpaid loans behind.

The deadline for filing and paying your 2021 income taxes is April 18, 2022. If you’re worried you won’t have enough time to submit your federal tax return before it’s due, you can request an extension from the IRS. Doing so will give you until Oct. 15, 2022 to file a return — an additional six months.

Putting together a budget requires looking at a range of expenses; some that are expected and others that are not. Expenses generally fall into one of two categories — variable and fixed. Understanding how they differ can help you handle current bills as well as future ones.

A health savings account is a valuable tool for saving money while receiving the medical care and treatment you need. But paying for doctor’s bills and prescription drugs aren’t the only ways you can use your HSA. You can use the savings to invest and prepare for future medical costs during retirement. Here’s a look at how that works:

Financial problems are one of the leading cause of divorce. According to a survey of 1,000 people, nearly half of American couples fight over money. But no matter the state of your finances, once you are married, all of your assets are merged in the eyes of the law. Coming up with a financial plan that works for your marriage is therefore of the...

If you’ve left your former job for a new employment opportunity, you’re likely leaving behind a substantial balance in your employer-run retirement account. You have multiple options available to you when deciding how to handle those funds, so make sure you consider each one to find the solution that’s best for you:

Part of your job as a parent is to prepare your kids for the future. One important component of their future is learning how to handle money. Yes, financial literacy can seem daunting and complex, but you can start small by introducing your young kids to simple concepts like saving money in an online savings account. Here is a guide to help you...

Once you’ve achieved your goal of retirement, making your well-earned income stretch as much as possible becomes a chief priority. Structuring your retirement around how your retirement income is taxed helps keep your finances free and flowing so you’ll never need to worry about making ends meet.