Whether you are at the beginning of your career, or you are approaching retirement, the key to being set up for a strong retirement is to leverage strategic opportunities to optimize wealth accumulation and preservation. And to do that you should start with a plan and a trusted unbiased certified financial planner (not simply the

Late last year, The Internal Revenue Service (IRS) revealed a few changes to the rules around retirement plan contributions for the 2024 tax year. These adjustments bring good news for individuals looking to boost their savings and plan for a secure financial future. Let’s delve into the key highlights of these updates. 401(k) Contribution Limits

Written by: Pat Carlson, Senior Vice President, Wealth Management & Trust Department Manager What is my personal net worth? How much should I have in an emergency fund? Do I have enough life insurance? Which debts should I pay off first? Can I afford to buy a boat or second home? What is my monthly

Written by Marlene Piche, SVP Branch and Business Banking Creating a financial plan for you or your family is a great step in reaching your financial goals. However, it’s not just something you make and forget about. Your financial journey is constantly evolving and changing, and therefore, your financial goals and spending habits should change

From creating a clear set of goals to putting you on track to build wealth, financial planning has several benefits. And yet, according to a recent Gallup poll, only 30% of U.S. households have a long-term financial plan, and only 24% have hired a professional financial planner. This low number could be due to a

Estate planning and leaving a legacy discussions can be a little scary or a little exhilarating, and sometimes both. For many, having an estate plan to manage the transfer of assets to the next generation is just part of the picture. Legacy planning goes beyond just bequeathing assets and really sets you up to determine how

Maybe you’re wondering how you’ll pay off your college debts.  Or you just got married and are merging your finances with your new spouse. You might want to buy a house.  Have children.  You may find yourself with some additional money at the end of each month, and you’re looking for a place to put

Over the next 25 years in the U.S., about $68 trillion in wealth is going to change hands, as it is transferred from older generations – like the aging Baby Boomers – to their younger heirs.  And yet, nearly two-thirds of people with wealth to pass down have not had a conversation with their heirs

Written by E. Keith Wirtz, CFA®, Vice President & Chief Investment Officer, Union Savings Bank. The Coronavirus Pandemic of 2020 has delivered an immediate – and likely, lasting – impact on nearly every facet of our “normal” lives.  Rarely have we seen such a sudden and heavy impact on our economy as a result. The