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      1,929 results found

      1. Money Safety for Seniors
        The Old National Money Safety for Seniors program teaches how to protect senior adults from financial exploitation. Sign up for a presentation.
      2. Getting Started Managing Money
        Learning how to manage your finances is no small task! Old National has resources, products, and services to help you take control of your financial future.
      3. Federal Debt When Interest Rates Rise
        When interest rates rise, how much will the interest cost of the federal debt increase?
      4. What are the replacement rates for LIBOR?

        Although options for replacing LIBOR continue to evolve, Old National has currently identified the following potential replacement options for our clients:

        1. Secured Overnight Financing Rate (SOFR)
        2. Term SOFR

        The Secured Overnight Financing Rate or SOFR is the replacement benchmark recommended by the New York Federal Reserve’s Alternative Reference Rate Committee (ARRC). (See references below for more information on the work of the ARRC.) SOFR is derived from transactions that are executed in the overnight repurchase agreement (repo) market. These transactions are executed between banks and other intermediaries and are often collateralized by US Treasury securities. The market for SOFR is very deep and liquid with nearly $1 trillion in underlying transactions executed daily. 

        While SOFR has been identified as the replacement index for LIBOR, there are multiple calculation methodologies which have been developed given that SOFR is a daily rate. The CME Term SOFR Reference Rates benchmark is a daily set of forward-looking interest rate estimates based on the SOFR futures contracts. CME Term SOFR Reference Rates are calculated and published for 1-month, 3-month, 6-month and 12-month tenors. Like LIBOR, CME Term SOFR Reference Rates are forward-looking, and the rate is set at the beginning of the period and interest is paid in arrears.

      5. What Rising Interest Rates Mean For Business
        Short=term and long-term interest rates Dr. Bill Conerly based on data from the Federal Reserve System Some interest rates have begun to rise, with
      6. 4 Reasons It’s Actually a Good Time to Buy a House (for Some People)
        A record number of Americans think it’s a bad time to buy a house, and with housing costs near an all-time high, it’s hard to blame them. Mortgage
      7. What recession? Pessimism recedes for global economy in 2020.
        Slowing growth and trade tensions were seen a few months ago as major threats to the global economy. The outlook has shifted notably. A nuanced optimism has crept into the stock markets and forecasts about the world economy. Where traders and economists once predicted a U. S. recession in 2020 or certainly by 2021, man
      8. 7 Ways Rental Properties Can Help You Retire Early
        Once upon a time, workers saved up a nest egg over the course of a 40-50 year career, and then spent it down in retirement. And hoped they didn't run out money before kicking the bucket.
      9. How Tax Reform Has Impacted the Housing Market
        When the Tax Cuts and Jobs Act was enacted in 2017, it reduced tax breaks for homeowners. Mainly, it lowered the cap on the mortgage interest deduction to $750,000, down from $1 million, and the deduction for state and local property taxes was capped at $10,000. At the time, housing experts and economists said the chan
      10. VIDEOS: Smart Money Half-Minute
        Build a strong financial future, 30 seconds at a time. Watch these videos and you’ll no longer be a novice. Come back often—we regularly upload new ones!