The tax deferral accorded to IRAs and qualified retirement plans has helped to push total retirement resources in the USA to $33.6 trillion at the end of 2022 (Investment Company Institute 2023 Fact Book). Eventually, tax deferral must come to an end. The mechanism...
read moreAs a new year quickly approaches, it is important to put tools in place to manage and grow your business effectively. Cash flow can be limited when you are starting a business or managing daily expenses. A business credit card provides you with a line of credit for...
read moreIn today’s digital age, cybersecurity has become a paramount concern for individuals and businesses alike. While a treasure trove of information and connectivity, the internet is also a breeding ground for malicious entities seeking to exploit vulnerabilities....
read moreAs the seasons change and new routines begin, many consumers will turn their spending towards the holiday season. Whether online shopping or purchasing in-store, it is important to keep your card information secure. Do you know what credit card fraud looks like and...
read moreLiving in a high-interest rate environment presents a unique opportunity for your finances to grow in a significant way. At Arvest, our commitment is to empower customers with the knowledge and resources necessary to make informed financial decisions. We’re here to...
read moreMyth: Social Security will provide most of the income you need in retirement. Fact: It’s likely that Social Security will provide a smaller portion of retirement income than you expect. There’s no doubt about it — Social Security is an important source of...
read moreHow much life insurance do you need? Your life insurance needs will depend on a number of factors, including the size of your family, the nature of your financial obligations, your career stage, and your goals. For example, when you’re young, you may not have a...
read moreRetirement plans and expectations vary greatly for each person, so the amount you need to retire and the method to reach that goal is unique and personal. One popular way to reach a retirement savings goal is with a 401(k) plan. Some estimate that 79% of Americans...
read moreMany parents hope to be able to send their child to college, but that diploma doesn’t come cheap. Unless you are very well off financially, it can be difficult to sit on the sidelines for years and then suddenly find the money to pay for college when your child...
read moreImagine it’s the first day of school, and we’re handing you a pop quiz. How would you rate your knowledge of credit and debit card scams? Are you more on the “I got this” end of things – or “I’m totally lost”? Either way, there are likely types of scams you...
read moreCredit scores say a lot about financial health and habits, as they indicate to prospective lenders how much of a financial risk a person is when requesting a loan for a big-ticket item. Arvest offers seven tips to help individuals improve their scores and their...
read moreEveryone is familiar with 401(k) plans, but not everyone knows they come in different flavors, one of which is the safe harbor 401(k). The one thing all these special 401(k) plans have in common is that they’re generally simpler to maintain because they’re...
read moreTaking the time to search for the right lender may mean the difference between borrowing success and failure. A business loan officer at your bank not only provides the short- and long-term financing your company needs, he or she is a great source for information on...
read moreHindsight may be 20/20, but predicting the future is always hard. “If only I had acted.” “I knew that would happen…” “The market agreed with me at the time.” These are all thoughts that pass through most investors’ minds at one point or another. The reason investors...
read moreBusinesses have adapted to a multi-channel approach; encompassing in-store, online and on-the-go purchases. When it comes to multiple shopping channels, it is important to create a seamless and consistent experience across the board. The modern customer expects the...
read moreFor many student loan borrowers – including recent graduates – student loan repayments are scheduled to start this fall. Arvest has some advice to help borrowers prepare their budgets for their new payment. Simplicity is key when it comes to managing personal...
read moreThe first half of the year is behind us. During those six months, life events happen – both planned and unplanned. It can be helpful to revisit your financial plan to ensure it still supports your goals. Here are some ways to evaluate if you are continuing on...
read moreApproximately 78% of people who work for companies with fewer than 10 employees and about 65% of people who work for companies with 10 to 24 employees do not have access to a retirement plan at work.1 That’s unfortunate, because workers with a retirement plan...
read moreA loan is pretty easy to understand. The lender gives the loan recipient money to be repaid over a period of months or years. In exchange for the loan, the loan recipient pays the lender interest. A line of credit is a loan with numerous benefits to borrowers. Your...
read moreExciting summer travel plans are coming up, and many individuals and families are running through the usual checklists and questions. Have we chosen a destination? If traveling internationally, are our passports all up to date? Does our bank know so our credit cards...
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