First Federal Bank Blog

If you will be entering the new year as a retired person, or plan to enter that new phase of your life in 2025, there are some things you should think about now to ensure you get off to the best possible start. Kipingler.com has some important tips to help you plan to get the most from your retirement in the coming year and beyond:

The closer you come to your retirement years, the more you want the assurance that you have planned appropriately. Will you have enough set aside when the time comes? What are the best ways to build your retirement savings? The answer depends on a number of factors, including how close you are to retirement, and what your personal goals are. ...

Financial experts generally agree it is best not to touch your 401(k) until you are in your retirement years. But there can be times when it is tempting to dip in to those savings to address financial issues you face in the present. The decision should be carefully considered, and it is critical you understand the ramifications. That said, there...

Many of us spend years planning for our retirement. And chances are while making the look ahead, you don’t factor other major life changes like marriage and divorce into the equation. But the fact is the rate of divorce after 50 has doubled since 1990. So while you may not plan for it, you should understand how such a life change can impact your ...

The economy is top of mind for most Americans today. But if you are nearing or already in retirement, you may have extra concerns about running out of money. Have you saved enough? Are you spending more than you expected to? TheWeek.com has compiled some tips to help you keep your retirement secure:

If you are in your retirement years and rely on Social Security payments, waiting to learn what the cost of living adjustment (COLA) will be each year can be anxiety inducing. It’s complicated, and difficult to plan when the amount of your payments can change. Yahoo Finance offers some projections for 2025, as well as guidance on what you can do...

When we think about investing, the focus is normally on saving money for retirement. Many consider it to be too risky once you have reached that milestone, and instead plan to hold on to their money and draw from their accounts as needed. Rob Berger of Forbes magazine explains why it is important, and beneficial, to continue investing after you...

You’ve been planning for your retirement for years. Now the time has come to leave the workforce and enjoy the next phase of your life. Are you prepared? According to Mint.com, these seven common mistakes can really hurt you in retirement:

When it comes to retirement planning, employer 401(k) programs tend to be the option people think of. But there are other ways you can save money for your golden years. An Individual Retirement Account (IRA) is another way to set aside and invest funds today to have available in the future. According to MSN, there are three ways you can make the...

An individual retirement account (IRA) can be a powerful tool for investing and saving your money — especially when you manage it wisely. If you’re looking for ways to make the most of your IRA, start by reviewing these commonly asked questions.What investments can I make with an IRA?You can choose from a wide range of IRA investment options to...