The prospect of financing a new business can make the most fearless entrepreneur waver – and with good reason. Lack of capital is one of the primary reasons start-up companies fail. The trick lies in knowing how much money you will need to get started and to cover...
read moreThe major budget package enacted by Congress in December included a subdivision called “SECURE Act 2.0.” The 1.0 version of this package of legislative changes for qualified retirement plans was the “Setting Every Community Up for Retirement Enhancement Act of 2019.”...
read moreArvest Bank is pleased to present “Money Matters,” a seven-week series of financial education classes on Mondays, starting Feb. 6. The classes will be held from 6-8 p.m. at Saint Mark Baptist Church in Little Rock or virtually, and childcare will be available for...
read moreLay the Groundwork You’ve got the idea and are ready to bring to market the next big thing. While your product or service is unique, there are commonalities amongst all successful entrepreneurs. The Right Stuff Experts agree that the following characteristics are...
read moreDo you ever wonder where your money goes each month? Does it seem like you’re never able to get ahead? If so, you may want to establish a budget to help you keep track of how you spend your money and help you reach your financial goals. The new year can be a...
read moreIn a remote access scam, a scammer attempts to persuade you into giving them remote control over your personal computer, which allows the scammer to con money out of you and steal your private information. If a scammer gets into your computer remotely, they could: Get...
read moreWhen it comes to financial planning resolutions, creating an action-oriented plan includes figuring out where you are, what you want, and what you need to get there. These may seem like big, overarching questions, but they can be broken down into a few smaller...
read moreSocial Security benefits are a major source of retirement income for most people. Your Social Security retirement benefit is based on the number of years you’ve been working and the amount of money you’ve earned. When you choose to begin taking Social...
read moreAs the holiday season approaches, so does the desire to give gifts to those around us. These gifts are not just for people we know. Americans are some of the most charitable people on the planet, and that trend even grew over the last two years as people came together...
read moreCongress enacted the Setting Every Community Up for Retirement Enhancement Act in 2019, generally known as the “SECURE Act.” Key elements of the law included new incentives for employers to establish qualified retirement plans, lifting the age for Required Minimum...
read moreImpersonation scams are one of the most successful ways fraudsters steal money from their victims. This type of scam has proven to be exponentially successful as both business employees and individuals are scammed into sending billions of dollars every year. Here are...
read moreAs the year comes to an end, many businesses are preparing budgets, reviewing expense reports, and evaluating employee spending. These are all time intensive tasks that can prove to be daunting without the right tools or policies in place. Your time is valuable and...
read moreWhy did you purchase life insurance? If you’re like most people who buy life insurance, you’re looking to provide a source of income for someone, such as a spouse, parent, or child, after you pass. Buying the policy was the first step. Now you’ll...
read moreWhat is conducting a periodic review of your estate plan? With your estate plan successfully implemented, one final, but critical, step remains–carrying out a periodic review and update. Everyone has different life events and changes, both planned and unplanned, which...
read moreThere are moments when we may wish we could go back in time and tell ourselves what the future holds. If only we knew, we could avoid regrettable decisions and embrace an even better future. Although, as far as we know, we can’t go back in time and messages can’t be...
read moreYou know how important it is to plan for retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is not an exact...
read moreIf your employment situation changes, you may wonder what to do with your retirement savings at your previous employer. In fact, you have a variety of options when it comes to taking distributions from your employer-sponsored retirement savings plan. This may be a...
read moreHoliday shopping is in full swing and protecting your financial information is more critical than ever! According to Adobe®Analytics, the U.S. is expected to reach $221.8 billion in online sales this holiday season, marking a 4.8% increase from 2022. As you conquer...
read moreWith the major stock market indices in bear market territory, this may be a good time to evaluate the potential benefits of realizing some capital losses in the investment portfolio. No one enjoys admitting defeat by selling an asset that has gone down in value, but...
read moreIt is Halloween and we all know what that means – kids young and old have two things on their minds: costumes and candy! This year, consider using the candy collected as an opportunity to teach financial literacy and saving strategies. Start a candy bank While it may...
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