Benefits of Investing

August 02, 2021 by First Federal Bank

You work hard for your money — now it’s time to make your money work for you. When you invest, you have the chance to build wealth and diversify your streams of income. Here’s a look at what investing can do for you:

Topics: Saving Money, Investing

What Is a Certificate of Deposit Account?

July 30, 2021 by First Federal Bank

In the world of investments, certificates of deposit (CDs) occupy a middle ground. They provide you with a guaranteed interest rate in return for keeping a specific amount of money in an account for a set period of time. CD accounts typically offer better interest rates than traditional savings accounts, and are a less volatile option than...

Topics: Saving Money, Investing

Dow vs. Nasdaq

April 26, 2021 by First Federal Bank

We’ve all heard about the Dow and the Nasdaq. At times, it’s almost as if the terms are used interchangeably when discussing the economy or stocks. However, these are simply two tools that investors can use to check on the health of the market. Here’s a look at what you need to know about stock market indices — and how they differ:

Topics: Investing, Financial Education

How to Plan Your Retirement Using Age Banding

February 22, 2021 by First Federal Bank

Even if you’re nowhere near retirement age, chances are you’ve been — or have recently begun — preparing for the eventuality of leaving a working lifestyle behind. A lot goes into retirement planning, and knowing where to start or how to make sure everything goes as planned can be daunting. That’s where the concept of “age banding” comes into...

Topics: Retirement, Investing

What Are Roth IRA Conversions?

February 05, 2021 by First Federal Bank

As you plan for retirement, it’s important to invest your money in a way that maximizes your income in your senior years. In some cases, a Roth IRA conversion could get you closer to this goal by allowing you to pay less in taxes when you retire. Before you take this route, it’s important to understand the basics of Roth IRA conversions and...

Topics: Retirement, Investing

Learn About Cryptocurrency

December 28, 2020 by First Federal Bank

In recent years, cryptocurrency has been a booming topic among investors. Just like traditional currency, you can exchange it for services, products or other types of cryptocurrencies. You can also cash it out, much like chips at a casino. However, these digital currencies have many key differences when it comes to storage, transactions and...

Topics: Technology, Investing, Financial Education

The Financial Accounts Everyone Should Consider

December 04, 2020 by First Federal Bank

Diving into the choppy waters of financial planning can feel intimidating, especially when you realize just how many types of accounts there are. Thankfully, many experts agree there are a few accounts everybody should consider holding to keep your money organized, set you up for the future, and even help grow your wealth.

Topics: Personal Banking, Saving Money, Retirement, Investing, Financial Education, Budgeting

Passive Investments 101

October 30, 2020 by First Federal Bank

As you seek out effective strategies for investing your money, the options available to you may seem complex or overwhelming. If you’re feeling unsure of your ability to pick good stocks for your portfolio and make timely trades, or if you don’t possess the time or inclination to take a more hands-on approach, take a closer look at passive...

Topics: Investing, Financial Education

Is Investing Right For You?

August 05, 2020 by First Federal Bank

The principle of “The greater the risk, the greater the reward” is tossed around a lot when it comes to gambling with your financial life. The potential for a great reward attracts many investors, but it’s not guaranteed. Before you put your money into any investment, whether it’s high or low risk, you need to fully understand what you’re...

Topics: Retirement, Investing

Changing Your Investment Strategy as You Age

May 20, 2020 by First Federal Bank

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: Investing

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