What Is a Safe Withdrawal Rate? Generally speaking, a withdrawal rate simply refers to how much of the balance in your savings account you withdraw every year. Most often, finance experts talk about the withdrawal rate as it relates to retirement. For example, if you saved $100 for retirement and withdrew $5 each year, your withdrawal rate […]
Read MoreHow to Consolidate Debt: Turn to Your Bank Debt consolidation is the process of combining your existing debts into one new, larger loan. For many people struggling with a significant amount of debt, consolidation can offer several benefits. These include helping you to save money on overall costs while also reducing your monthly payment. In many […]
Read MoreNeed New Equipment or Funds? Your Bank Can Help You With a Small Business Loan Most small businesses need financing help from time to time. Companies who recognize this need and reach out to reliable sources, such as their bank, can often gain access to those funds rather quickly. With a bit of extra money, […]
Read MoreWhy Do Small Banks Make More Small Business Loans? Community banks are the traditional leaders of small-business lending. They approve more small loans than their national counterparts and generate higher satisfaction rates among small business borrowers. Why? The answer is simple, tried, and true: These local institutions provide a vital combination of personal service […]
Read MoreWhy Not to Use Your Personal Checking Account for Your Small Business Organization is a crucial practice for any business. This is particularly true when it comes to managing money. Unfortunately, many business proprietors often falter in this area, commingling their personal and commercial funds. While keeping everything in one account may seem convenient at first, it […]
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