371.
Prepare to Leave a Legacy
At a time when non-profit organizations need resources the most, charitable giving is down. Americans either are focusing more on saving or diverting their assets elsewhere as a result of the recession.
Corporate and individual gifts make up most of a non p...
372.
Keeping Business, Personal Finances Separate
Understandably, most small business owners live and breathe their businesses. They were involved from the beginning and immersed in all aspects of operations, putting in the long hours and resources it takes to make a business grow.
Because small business o...
373.
Resist Borrowing from Your Future
It seems like everyone does it: cities, states, the U.S. government, large corporations and small businesses. If they don’t have cash but need it now, in many cases they borrow it from the future—the promise of future earnings or tax revenues.
They’re not t...
374.
Think Twice Before Touching Your 401(k)
You’re in a pinch, and you’re tempted to borrow or withdraw from your 401(k).
With fewer and fewer companies offering defined benefit retirement plans, the government put in place IRAs and 401(k) plans to encourage saving for retirement. Strict governmental...
375.
Credit Reports: Why Bother Checking?
In recent years, identity theft has been cited as the key reason to check your credit report on an annual basis. But a recent consumer report indicates another extremely important reason to regularly check your credit history for suspicious activity and err...
376.
Insuring Your Deposits: Sample Account Scenarios
To help you better understand how different account ownership categories can increase your FDIC coverage, we’ve provided you with a fictional example of a married couple, Alex and Jordan Smith, who have one child, Darcy. They may achieve far more than the s...
377.
Insuring Your Deposits: Categories of Ownership
The deposits held in different account ownership categories at FDIC member banks are insured separately from each other, thus maximizing the possible coverage at one financial institution. Below we’ve outlined common categories of ownership and the limits i...
378.
Insuring Your Deposits: Insurance Limits
The purpose of the FDIC is to insure your money in the event that your bank fails. The FDIC is backed by the full faith and credit of the United States government. Deposits in an FDIC insured bank, like Pinnacle, are insured dollar-for-dollar up to the insu...
379.
Debit or Credit? When to Use Each
Debit card use overtook credit cards many years ago, and when combined, card use tower over cash. According to 2020 research from Fundera, 54 percent of consumers prefer making purchases with debit cards, compared to 26 percent who prefer credit cards and j...
380.
Getting Organized for Financial Planning
The following is a list of key information and documents to begin the process of financial planning. These documents are necessary to assess your specific situation and any gaps and tailor a financial plan that helps you achieve your goals. Much of the info...
