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The Savings Spotlight Series, Part 1: First-time Savers
/in Checking Accounts, Community Involvement, Finance, General Information, Household Finances, Investment Services, Learning Center, Savings, Value Added Services /by Lynn BerubeBy Chaz Gaines Every individual has different goals and unique circumstances that help to guide the decisions they make when it comes to their savings strategy. Some people have decades of work ahead of them to steadily sock away money for retirement, while others are looking to gain ground quickly with retirement just a year […]
FDIC Reports 10 Scams Targeting Banking Customers- Part 1
/in Checking Accounts, Finance, General Information, Household Finances, Investment Services, Learning Center, Loans, Mortgage, Savings, Value Added Services /by Lynn BerubeBy Dave Wall The holiday season is upon us once more in Milford and Stratford, and we’d be willing to bet that you’re one of the millions of Americans that has already helped to make the 2017 holiday shopping season a record-setter. But in the flurry of transactions and the general chaos that is the […]
Three Reasons Milford Bank is Grateful for You This Thanksgiving
/in Mortgage /by Lynn BerubeBy Susan L. Shields, President & CEO What are you thankful for this Thanksgiving? At The Milford Bank, we’re thankful for you—our customers. All year long, we get the privilege of seeing you stop in our office locations, take part in community events with your families, and watch as you build your businesses up from the […]
The Milford Bank and Food 2 Kids Team Up To End Child Hunger
/in Mortgage /by Lynn BerubeBy Celeste Lohrenz When sitting around the table looking over piles of turkey, potatoes, stuffing and pies this Thanksgiving, it can be easy to forget that there are some in this world who aren’t so fortunate. In fact, child hunger is still a considerable issue in communities like Milford and Stratford today, as well as […]
Baby Boomer Retirement Challenges, Part 2: Strategies for Success
/in Checking Accounts, Finance, General Information, Household Finances, Investment Services, Learning Center, Savings, Value Added Services /by Lynn BerubeBy Sindy Berkowitz Every day, roughly 10,000 Baby Boomers retire. But many of them do so unaware of the challenges they will face when living off their savings alone. The Insured Retirement Institute recently found that the average American will enter retirement with an income gap ranging from $3,864 and $12,072. Such a disparity is […]
Baby Boomer Retirement Planning, Part 1: The Challenge Ahead
/in Checking Accounts, Community Involvement, Finance, General Information, Household Finances, Investment Services, Learning Center, Savings, Value Added Services /by Lynn BerubeBy Sindy Berkowitz Earlier this year, the Insured Retirement Institute released its annual study covering the Baby Boomer generation and its financial preparedness for retirement. Since the IRI’s first publication in 2011, the number of Americans over the age of 65 has increased over 18 percent. Yet, despite the steady incline of retired Baby Boomers, […]
Talking Dollars, Cents and Sense about Flu Season
/in Community Involvement, Finance, General Information, Household Finances, Investment Services, Learning Center, Savings, Value Added Services /by Lynn BerubeBy Lynda Mason Living in New England, Milford and Stratford residents always have something special to look forward to at this time of year. We’ve got brilliant foliage in the Fall and picturesque, snowy landscapes in Winter. But there’s one seasonal event that nobody in New England is looking forward to: flu season. While most […]
There’s No Reason to Be Scared Over Record Halloween Spending
/in Checking Accounts, Finance, General Information, Household Finances, Learning Center, Savings, Value Added Services /by Lynn BerubeBy Celeste Lohrenz It’s not uncommon to stress when it comes to holiday spending. We’ve all been there, with a list of presents in one hand and a suddenly shrinking wallet in the other. But it usually takes an entire season of spending until we reach our tipping point racing around for a hot-ticket item […]
Money Talks—How You Should, and Shouldn’t, Discuss Your Finances
/in Checking Accounts, Community Involvement, Finance, General Information, Household Finances, Investment Services, Learning Center, Mortgage, Savings, Value Added Services /by Lynn BerubeBy Pat White There are few things in life more uncomfortable than talking about finances. In fact, people are even seven times more likely to discuss their love life with a total stranger than they are their salary. Despite the difficulties we have with communicating about our money, it is nonetheless important to do so. […]
Five Key Takeaways from the MEF Banking App Study
/in Checking Accounts, Finance, General Information, Household Finances, Mobile Banking, Online Banking, Savings /by Lynn BerubeBy Matt Kelly There are more smartphones in circulation today than ever before, so it should come as no surprise that mobile banking app usage is on the rise again too. In fact, 61 percent of people use their bank’s app on a daily basis, according to a Mobile Ecosystem Forum’s “Mobile Money Report”, released […]