Financial Fitness

Financial news you can use…

Is it better to use your credit card, or debit card?
The difference between them is more than you think. Read more.

What’s the best college value?
Paying for college is a huge financial commitment for any family. Which schools offer the greatest value?  Kiplinger provides some resources at its website.

How does your Social Security benefit add up?
The Social Security Administration has a variety of calculators for figuring future benefits, very helpful in deciding how much you need to save now to have the kind of retirement you want. Click here.

Would you be ready for a fire?
If you had a fire at home, would you remember and be able to show the insurance company everything you needed to replace? Take pictures of every room, especially any special valuables, put them on a thumb drive and put it in your safe deposit box at the bank. Be prepared.

Is a Roth IRA right for you?
When it comes to saving for retirement, which is best: a traditional IRA or Roth IRA? Forbes offers some insights about IRAs; click here. This year, the tax filing deadline is April 18 and IRAs may be funded for 2011 up to the time of tax filing. For more information about Individual Retirement Accounts, including SEPs for the self-employed ~ visit any branch of Community Bank & Trust.

Please Note: Community Bank & Trust doesn’t endorse, control or verify any information found at other websites but provides these links as a convenience. You should discuss any tax or legal matters with the appropriate professional.

Deposit products offered by Community Bank & Trust are insured to the full limit allowed by the Federal Deposit Insurance Corporation (FDIC). For information, please visit http://www.fdic.gov/deposit/ Community Bank & Trust is an Equal Housing Lender.

Non-deposit products are not guaranteed or endorsed by Community Bank & Trust and are not insured by the FDIC. Purchase of non-deposit products involves risks, including possible loss of principal.