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Soaring ratings for the Macy's Thanksgiving Day Parade

Friday, November 28, 2014 5:53 pm

Much like the inflatable floats of Spider-Man and Snoopy, this year's ratings for the Macy's Thanksgiving Day Parade soared.

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  • Who's on First? Account Titles and Why It's Important.

    Wednesday, September 19, 2012

    What names are on your checking account? This sounds like a pretty simple question, but you would be surprised how many people are unclear about it. If you are married, perhaps you do not have both you and your spouse on the same account. There are many reasons why this may be the case. Maybe you and your spouse have separate accounts. Perhaps when you opened the account, the other person wasn't present or maybe you have had major life changes. There can be many reasons why.

    Think back to when you opened your account one, five, 15 or more years ago. Is everything the same as it was back then? Have you revisited your account set up to ensure your account reflects the stage of life you're in now? Let's discuss why it might be important to do a quick review of your accounts. It's something that may take you a few minutes, but can be very worthwhile.

    1. Access to your money- This is the most obvious reason, but very important. Anyone named as an "owner" on an account has access to the money within it. They can write checks (on checking accounts), withdraw money, or even close the account. It is important to ensure whoever is named an "owner" on your account is someone you trust and is supposed to have access to your money.
    2. Estate Planning- If you were to pass, do you have beneficiaries named on your account? Having a beneficiary named can help with the distribution of your funds should something happen to you. Also, you may consider having an additional owner that may be able to help with bills if you are unable to do so.
    3. FDIC Insurance- FDIC Insurance coverage can vary depending on how your account is titled. Please consult your MutualBanker to see what would benefit you the most.
    4. Peace of mind- Sometimes it helps us relax if we know that in the event of something happening, expected or unexpected, our accounts are in order. It can provide peace of mind knowing there will not be a burden left on those responsible for handling your estate.

    Account titling can be something that we would be glad to help you with at your local MutualBank Financial Center. You should have an account review on at least a yearly basis to make sure your present life situation is reflected in your bank accounts. This is very important as banking becomes more dependent on electronic banking, such as mobile banking, online banking, etc. Also, as an estate planning tool, you need to be sure that your assets pass to who you want them to go to in the event of an unexpected tragedy. This is important whether you are 18 or 80!

    Let us at MutualBank help you live a better life!

  • Simplify...Using my Bank to Make my Life Easier

    Wednesday, February 15, 2012

    My age is on my mind.  I’m 50, my favorite (& only) hubby just turned 50.  I need to simplify my life.  I need ‘easy,’ so I can spend more time doing the things I need and I want to do, like:

    • Hanging out with my family (need & want)
    • Getting myself back in shape (need)
    • Enjoying time with friends (need & want)
    • Stressing less (need & want)
    • Preparing for retirement (want sooner, rather than later, if possible).

    When it comes to my finances, the benefits of having multiple relationships with my bank are many – everything is in one place; I don’t have to work to remember which loan is where; which financial institution my checking, savings, CDs are – and ditto for my family.  After all, my 50-year old brain is getting full, and I do have ‘senior moments’ on occasion.

    I admit I have had multiple relationships with other financial institutions.  Why?  Mostly, my laziness in moving accounts when I built my current banking relationship and just letting them “be” when I knew it was just making my life more complicated.  I got numerous paper bank statements – mine, my husband’s, my daughter’s.  Translation – more paper for me to file, keep track of, give to my accountant, shred, or heaven forbid, lose….

    Having one bank is oh, so much easier.  I’m a convert to electronic banking and all that entails – bill pay, e-statements, automatic deposits.  And if you’re worried about security, yes (my age-level friends) – it is safe.  With FDIC insurance on deposits and multiple electronic safeguards in place to keep my information safe, I’m comfortable – albeit it was not initially easy to convince me.  I have had, knock on wood, no instances of fraud or theft since moving to electronic. 

    Now, I have password protected access to my internet banking, from anywhere, including my cell phone – where I can see on one page – my checking account balance & transactions; my savings account; CD; mortgage, and personal loan.  I know, at any point in time, my total balances in each of those.  I get most bills electronically (remember – less mail to sort through = more time for ME), and can set up a payment for future dates.  My life is incrementally simpler, in many ways thanks to my bank. 

    Come on, fellow 50-year olds – I know we are on the cusp of liking the old ways – paper checks, snail mail, filing, and more filing.  But, wouldn’t you like more time for yourself?

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