First Federal Bank Blog

Are you worried you won’t have enough money to fund your retirement? It’s understandable if this question is keeping you up at night. With all the excitement and freedom retirement brings, it can also include a high level of anxiety. Here are some suggestions to help you avoid running out of money when you’re no longer earning a regular paycheck:

Keeping all your investments in order doesn’t need to be overwhelming. Even if you’re balancing a diverse investment portfolio, there are ways to make the process a simpler task. Here are a few ways to streamline your investments and reach your financial goals without constant worry and oversight. “Your financial life should be simple enough that...

If you and your spouse are nearing retirement age, it’s important to consider the timing. Should you both retire at the same time, or would it be better to stagger your retirements for financial reasons? If you’re not sure what the best approach would be, here are some points to discuss with your partner so you can make an informed retirement...

If retirement is looming, but you have not built the nest egg you want or need for worry-free golden years, there is no need to fret. There are strategies and tactics you can employ to catch up on your retirement savings goals when you are over the age of 50. Here is a closer look at a few methods that can help make a difference for your bottom...

Downsizing can help retirees save money and energy they might otherwise waste on space they do not need. But in the process of downsizing, they must choose whether to rent or purchase their next home. What are the pros and cons?

A 401(k) plan may be ideal when it comes to saving for retirement. Still, it’s possible to meet ambitious retirement goals even without one. If your employer doesn’t offer retirement benefits, these options can help you retire comfortably:

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...

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:

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.

As a retiree, you have years of work experience behind you and now plenty of time on your hands. If you are looking for a productive (and lucrative) way to fill the hours, you may be considering going back to work or putting off retirement for a while. Although you have officially stopped punching the clock, or are eligible to do so, should you...