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Upskilling Your Employees: Top 10 Benefits
Let’s have a quiz: if you had just one skill to equip your employees with, what would that be? If your response was something like: “I want my employees to master X software,” you might want to reconsider. Because a new, more shiny app could replace that software tool in less than six months from now, and your wish wou
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I changed my travel plans because of COVID-19, but there are 3 reasons I'm not changing a single thing about my investment strategy
I was scheduled to travel to Germany from DC during the first week of March and had been looking forward to the two-week trip. I thought the European
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The Financial Effects of Losing a Spouse
The death of a spouse is one of the most difficult things imaginable. Besides the emotional toll, surviving spouses typically confront financial issues, which often trigger tax-related questions and consequences.
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How Much Should You Put Into Your Savings Account? Here's One Way to Decide
How much money should you keep in savings depends on your financial needs. Here are three steps to determine what's right for you
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What Employers Need to Know about 401(k) Plans
In a tight labor market, businesses need a retirement savings plan to recruit and retain good workers. In fact, about 80% of Americans work for an employer with a 401(k)-style retirement plan. In the following conversation, Robert Diedrich, president-wealth management division, First Midwest Bank, discusses recent rule
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7 Easy Ways to Improve Your Credit Score Right Now
Whether you’re looking ahead to a brighter future or still feeling a financial blow from the pandemic, it’s a good time to take a look at your credit score and find ways to improve it. A higher credit score can help you qualify for better interest rates on all sorts of loans, from mortgages to credit cards. On the othe
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All Your Banking in One Place: 4 Reasons It’s Better
4 reasons to consolidate your banking. Your financial institution as similar to the type of relationship you’d strive to build with a good doctor or lawyer. Work with someone who knows you, can help you identify areas for improvement, and consistently has your best interest at heart. finding a trusted institution is im
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Watch Out for Fraud While Holiday Shopping
Nov. 24—(StatePoint) While gifts are being wrapped and lights are being hung, fraudsters are devising ways to leverage the holidays to scam you out of
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Why Business Model Innovation Could Be The Key To Getting Better Results
By Christoph Zott, professor of entrepreneurship at IESE Business SchoolgettyThe pandemic has brought so much to a halt: travel, economic growth and pre-pandemic-style socializing, to name a few. Yet, the restrictions in place to protect public health need not limit business leaders’ imaginations. In fact, this is a pr
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A Quick Start to Your Wealth Management Plan
Your financial success is our first priority. With First Midwest Wealth Management1 financial services, you have a truly objective financial advocate working for you. First Midwest Bank is a regulated fiduciary and we are held to a higher standard of care – placing your interests ahead of our own. We can help you creat