retirement
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Best Retirement Strategies for Your 20s
July 31, 2019
Categories: Budgeting, Personal Finance, Retirement, Savings
If you’re in your twenties and thinking about retirement, you are light-years away from your peers who wait until it’s too late. You’ll be so glad you started to take serious steps towards your golden years with these straightforward strategies. 1. Negotiate More Your first job isn’t typically known to be a real money maker. You’ve been told to “pay your dues” and take the work for little pay. However, it is especially important for college graduates
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Saving for Retirement: How Much Is Enough?
February 13, 2019
Categories: Budgeting, Personal Finance, Retirement, Savings
Over the years, we put away money for important events such as a baby, college tuition, a new car or house. Those tangible items make it worth the amount we set aside. However, retirement is a harder concept to grasp, as it is far off into the future. For this reason, we wanted to help shed some light on how much is actually enough when saving for retirement. How much do I save at my age? Trying to figure out how much to save at any age can be tough, especially when saving for other items.
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Saving For Retirement in Your 30’s
January 11, 2019
Categories: Budgeting, Retirement, Savings
Congratulations, after your roaring twenties, you have made it to the thriving thirties. Unfortunately, with another candle added to the cake comes another responsibility. People in their thirties have a very high amount of expenses from a house payment to the cost of little ones, which is why we wanted to offer the following solutions to saving. Automate Savings You have hopefully already begun a savings account for the other financial goals in your life. If not, no worries! You’ve likely
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Deep Cleaning for Retirement
July 11, 2018
Categories: Budgeting, Retirement, Savings
It’s finally time! You’re getting close to taking a new path in life - but do you know where to begin? Retirement is an ideal time to declutter, as you may be downsizing or moving locations. Bank of Louisiana offers a few ways you can deep clean for retirement, so you aren’t left with a mess! Turn Big Tasks into Smaller Ones When beginning to downsize to a different home or clean out old tax returns, it is easy to get overwhelmed with the process. Try starting small instead
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How to Save $1,000,000 for Retirement
June 7, 2017
Categories: Personal Finance, Retirement, Savings
Retirement, 401(k), stocks and bonds, the subject matter of saving for the long term isn’t often as appealing as saving for the short term. Perhaps that’s why nearly three-quarters of Americans are underestimating how much they’ll need for retirement. The United States is on the brink, if not already in, a retirement crisis. However, at Bank of Louisiana we believe retirement saving can still be easily accomplished, there are just a few steps to get started: The first thing
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Which Style of Retirement is for You?
March 15, 2017
Categories: Retirement
Retirement is an exciting time where you can do anything you want, so long as you’ve saved! Before you decided to retire, it is important to determine what you want your life to look like during the decades you enjoy after your career. Many retirees venture to warmer weather, commit to lifelong hobbies, reconnect with family, or find a way to make a difference for others. At Bank of Louisiana we want to help you steer yourself in the direction you choose. Find out which retirement path is
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7 Financial Goals to Make 2017 a Success
January 11, 2017
Categories: Budgeting, Community Banking, General, Mortgage, Personal Finance, Savings, Taxes
Bank of Louisiana challenges you to make 2017 the year of financial prosperity. Complete with an emergency fund, sound credit, and a monthly budget, you can conquer any fiscal goal so long as you keep moving towards it. To optimize your money management potential, we recommend these seven goals: Check Your Credit Score. There are many websites available which allow you to view your current credit score across the three reporting bureaus. However, the only federally authorized FREE
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Don’t Scare Away Your Savings
October 26, 2016
Categories: Personal Finance, Retirement, Savings
Every Halloween you hear concerned parents telling their children, “Don’t eat all that candy at once or you’ll give yourself a belly ache.” Just like candy, your personal finances can leave you feeling distressed if you’re spending more than you save. At Bank of Louisiana we want to help you achieve your next spooctacular savings goal! With a strategic savings plan you can accumulate the funds to purchase a car, home, or even a seasonal pumpkin patch! Here’s how: IRA
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The Top 5 Ways to Maximize Your Savings
September 29, 2016
Categories: Personal Finance, Retirement, Savings
Saving is one of the fundamental pillars to proper money management. Saving can represent a vacation, a new home, or a long awaited retirement for two. Whatever you are saving for, there are some simple steps you can take to maximize each type of account you use to save: IRA or Roth IRA: An Individual Retirement Account, or IRA, allows individuals to contribute earnings either before or after tax. In each of these accounts you can accumulate funds that can then be further invested to help generate
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