Your old computer may still contain sensitive data like financial information, your Social Security number, passwords and personal files. If you’re planning on getting rid of your old computer, you should first take precautions to protect that data.Back up your filesBefore you throw out or sell your old computer, think about what information it...
How to Protect Your Financial Information Before a Computer Upgrade
Topics: Financial Education
Should You Buy a Rental Car?
If you’re in the market for a used vehicle, you can choose to purchase a former rental car or a privately-owned car. Buying a rental car has its own set of positives and negatives that are worth thinking about before going car shopping.The latest featuresRental car companies tend to have fleets comprised of newer vehicles to attract customers. As...
Topics: Personal Banking, Financial Education
It’s a sad truth of life that even the most beloved furniture will eventually begin to show its age. This is doubly true for patio furniture, which, even under the best of circumstances, is exposed to the elements far more than a living room couch. Thankfully, there are a few easy ways to give your patio furniture a makeover, saving you money and...
Topics: Financial Education, Homeowners
Health Coverage in Retirement
If you’re like many Americans, you probably receive your health insurance through your job. However, when it comes time to retire, you’ll be faced with a difficult — and potentially costly — problem. Here are some tips for navigating the complicated world of health coverage in your golden years.Check with your current providerExplore how your...
Topics: Retirement, Financial Education, Lifestyle
Tax Deductions During Life Transitions
As you transition into different stages of your life, you may be able to save more on your taxes with new and bigger deductions. The following are a few of the major ways you can do so.Education deductionsEducation is expensive, but deductions can help you get some of your money back. If you were a student in 2019, the IRS offers a number of...
Topics: Financial Education
Elder Financial Abuse Scams to Look Out For
Financial scams against the elderly are on the rise — and getting more sophisticated. Whether you’re looking to protect yourself or others, it’s important to stay informed about the methods that scammers use to swindle people out of their money.Romance scamsRomance scams are one of the most common ways for fraudsters to target elderly people,...
Topics: Financial Education
Changing Your Investment Strategy as You Age
Whether you’ve recently graduated from college or are winding down from a long career, it’s important to choose the proper investment strategy for your age. With the right approach, you can put your money to work effectively and enjoy greater peace of mind as you draw near to retirement.
Topics: Financial Education
When to Bring in the Tax Pros
Having a professional tax advisor in your corner can help you cut through the dense thicket of paperwork, letting you focus more of your attention and energies where needed.
Topics: Financial Education
The investment landscape can be volatile and difficult to understand. But investing is a phenomenal way to add to your financial portfolio. The one thing it isn’t, though, is sentimental. That’s why factoring emotions into the way you manage your investments puts you at a high risk for making poor decisions and racking up losses.Disregard personal...
Topics: Retirement, Financial Education
Using a CD to Teach Your Children about Finances
Money management is a complicated subject even adults can experience trouble mastering. So, it’s understandable if the prospect of teaching your kids about money might not be your favorite parental to-do. Start simply with a certificate of deposit to teach your kids the fundamentals of saving money.Set up an accountA drive-thru or online field...
Topics: Personal Banking, Financial Education, Family
The content on this site is intended for informational purposes only and should not be considered accounting, legal, tax, or financial advice. First Federal Bank recommends that customers conduct their own research and consult with professional legal and financial advisors before making any financial decisions. Links to third-party websites may be provided for your convenience; however, First Federal Bank does not guarantee the reliability, accuracy, or safety of the information, products, or services offered on these external sites. We are not liable for any damages resulting from the use of these links, and we do not investigate, verify, or endorse the content or opinions expressed on any third-party sites.