Blog
William & Margaret Trudell 2022-2023 Scholarship Application
Submitted by First National Trust & Wealth Management on February 1st, 2022
The William & Margaret Trudell Scholarship board of trustees is pleased to announce that applications are now being accepted for the 2022-2023 school year for qualified students enrolled at the Iron Mountain campus of Bay College. Since its inception in 2004, the Trudell Scholarship has provided over $80,000 to over eighty deserving students of the Bay College West Campus.&n
IRS Woes: Don't Let Taxes Derail Your Retirement Plans
Submitted by First National Trust & Wealth Management on November 1st, 2021
All United States citizens are subject to income tax from the federal government, even those who are retired. Living on a fixed income in retirement can be difficult, so it’s important to plan accordingly for how you will be taxed to get an accurate picture of your financial health.
Here’s what you need to know about taxable income in retirement.
Pre-Retirement Preparedness: Planning for Your Career Exit
Submitted by First National Trust & Wealth Management on September 23rd, 2021Money Management 101: Tips for Your Kids Entering the Workforce
Submitted by First National Trust & Wealth Management on August 9th, 2021.jpeg)
When we’re young, we have so many lessons to learn—one of the most important being how to manage our money. If your kids are starting to enter the workforce, whether it’s a part-time job just for the summer or a full-time job after graduation, it’s essential they know how to practice healthy financial habits.
Living the Dream: How to Plan for Your Ideal Retirement
Submitted by First National Trust & Wealth Management on June 10th, 2021Retirement Calculator: Are You On Track to Reach Your Goals?
Submitted by First National Trust & Wealth Management on May 11th, 2021
Thinking about retirement can be overwhelming, especially when considering what life may be like living on a fixed income. One of the best ways to improve your financial health in retirement is to start planning early. Here are some things to consider when planning for retirement and how to stay on track with your goals during your working years.
Financial Management for Couples: When a Spender and a Saver Fall in Love
Submitted by First National Trust & Wealth Management on April 9th, 2021
Money can be a point of contention for many couples. Between big expenses like taking vacations, buying a house, getting married or having children, relationships can be filled with tricky financial situations. Even trickier is if you and your partner have different views on financial matters—one of you is a spender and one is a saver.
Should You Retire at the Same Time As Your Spouse?
Submitted by First National Trust & Wealth Management on January 14th, 2021The Importance of Proper Planning for a Physically Ill Spouse or Loved One
Submitted by First National Trust & Wealth Management on November 6th, 2020
Proper financial planning should always be a focus, but for those who are dealing with a physically ill spouse or loved one, it is crucial. There are several financial considerations that you will need to ponder, and naturally, these will not work with every situation, and chatting with a professional financial planner is one place to start.
Cash Flow