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Borrowing from your 401(k) plan can be helpful in accessing funds when you need it - here's what to know
A 401(k) loan allows you to borrow money from your retirement account and repay it within five years, with interest. A 401(k) loan isn't the same as a withdrawal, but there are still specific rules to follow. Any funds borrowed through a 401(k) loan won't grow, so you should borrow funds only as a last resort. Visit In
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A Guide To Determine How Much To Save Each Month
Most of us know it’s important to save, and understand saving money for the future is a critical action step to achieving goals, being able to retire, and building assets. But things quickly go from the very obvious to rather uncertain when you start talking about how much you need to save each month. Determining how m
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3 Ways to Build Wealth Amid the COVID-19 Pandemic
The coronavirus has taken a significant toll on the U. S. economy as well as many Americans' personal finances. With more than 10 million U. S adults filing for unemployment over just the past two weeks, many people are struggling just to pay the bills each month. If you're one of the fortunate ones who still has a sou
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Pension Mistakes Can Last a Lifetime: How to Avoid Them
Choosing the wrong pension option could impact your financial future in retirement. Consider these four factors before deciding which option works best for you
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Getting a Mortgage in 2021? Take These 3 Steps
Just as 2020 was a great time to get a mortgage, so too is 2021 shaping up to be a good year to apply for a home loan.
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The Difference Between Revolving Credit vs Line of Credit
Revolving Credit vs. Line of Credit: An Overview Revolving credit and a line of credit are financing arrangements made between a lending institution and a business or an individual. The lender provides access to funds that the borrower can use at his discretion; it's like a flexible, open-ended loan. In fact, a revolvi
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Is Your Small Business Heading in the Right Direction? Here Are 5 Ways to Tell
Five signs your business is in good shape. Running a small business can be tough, especially in the current uncertain economic climate.
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What Every Small Business Needs to Know about Cyber Insurance
Small business. Big cybersecurity risks. We’re continuing to see cyber threats impacting growing companies at an alarming rate. Forty-six percent
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3 Ways to Save on Insurance in 2024
Paying for insurance can be expensive -- especially in today's environment. In fact, the cost of a homeowners policy has
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Case Study: How Old National Bank Impacts Underserved Communities, Provides Affordable Housing
Established in 2015, the Old National Bank (ONB) Community Equity team plays a critical role in community development and sustainability projects