First Federal Bank Blog

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...

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...

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...

Saving for retirement is meant to help you finance your future, improving your quality of life after your work years. The more you are able to set aside and the longer you allow that money to accrue, the more cash you’ll have to live on. Because of this, it’s recommended to defer taking funds from your retirement savings as long as possible — but...

Some of the most common financial advice you can receive regarding preparing for retirement is to contributing to a 401(k) plan, and usually, thanks to your employer, putting a portion of your earnings toward that plan every paycheck is easy. But where your money is being invested and at what age you’re investing it matters, so it’s important to...

Whether retirement is far off in the future or right around the corner, you need to start planning for it now. Starting with your 401(k), the following tips will help you navigate the complexities of saving money when you’re officially off the clock.401(k) 101Although there are a myriad of ways and accounts available to help you plan for...