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7 Changes to Social Security in 2022
Since being signed into law in 1935, Social Security has been tasked with providing a financial foundation for our nation's retired workers. Today,
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Megatrends Reshaping Supply Chain Management
What are the mega trends? How does the pandemic and digital technology play into these trends?
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Minimizing Taxes When You Inherit Money
Illustration by Cha Pornea Unless you spend your winters in Aspen and your summers in the Hamptons, you probably don’t have to worry about paying
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Supercharge Your Retirement Savings With A Backdoor Roth IRA
One of the best places to park your retirement savings is Roth IRA. Your contributions grow tax-free to save you money every tax season. The only problem is that high-income earners may not qualify for Roth IRA. I’m going to let you in on an open secret called the “backdoor Roth IRA.” Despite the semi-illicit name, a b
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The Positive Impact of Telehealth on Senior Housing and Professional Services
How Telehealth Has Impacted Senior Housing and Professional ServicesAuthors:Source: First MidwestDRAFT: How Telehealth Has Impacted Senior Housing and Professional ServicesAuthors:Source: First MidwestHed: How Telehealth Has Impacted Senior Housing and Professional ServicesHed: Our Virtual World: The Impact of Teleheal
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Untangling Your Finances When You Divorce: Don’t Forget These Important Details
Divorce is an emotional time for everyone involved, but neglecting diligent follow up can impact your finances.
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What are Text Banking and Automated Alerts?
Text Banking and Automated Alerts enable you to receive a variety of account-related notifications via your mobile phone. You can receive Automated Alerts by email as well.
Here are the types of Automated Alerts available:
- Balance update
- Low balance
- High balance
- Large withdrawal
- Large deposit
- Check cleared (by check number)
- Loan payment due
- Loan payment overdue
- Maturity date
Automated alerts are sent throughout the day. In most cases, this means you will be notified about events such as low balances, large deposits or large withdrawals about 20-30 minutes after they happen.
Information you can request from Text Banking:
Here is the information you can obtain by sending the following text commands to 454545:
- BAL – Balance for primary account in Text Banking
- Your text will include both the Current and Available balances.
- BAL ALL – Balance on all accounts within Digital Banking
- Your text will include only the Current balance which is the balance as of the end of the previous business day. It does not include transactions that are pending or on hold.
- LAST – Last 5 transactions for primary account in Text Banking
- TRANS (amount) ex TRANS 200 – Transfer funds to primary account from secondary account in Text Banking
- STOP – Deactivate service
- HELP – Help keywords
Information will be sent to the mobile phone number you designate when setting up Text Banking.
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5 Simple Ways To Prepare Your Personal Finances For A Recession
Last fall, recession fears were running high. It was hard to escape the conversation; predictions for the next big crash flew all over the media while clients, friends, acquaintances, and others constantly asked the team at my financial planing firm if a recession was really about to happen. Our answer to that question
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5 Ways Your Home Can Boost Your Cash Flow
There is one area where many retirees have a big advantage over their younger peers: access to a big, golden nest egg in the form of their home.
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5 Types of Loans to Consider For Your Small Business
Loans are a viable option for small businesses to access finance. Banks, credit unions, and other financial institutions frequently provide these loans, which can be put toward everything from merchandise and equipment to real estate and even serve as a lifeline for cash flow in times of expansion and contraction. 5 Ty