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When Should You Start Saving for Retirement?
/in Finance, General Information, Household Finances, Investment Services, Mortgage, Value Added Services /by Lynn Berubeby Patty Gallagher Even if you love your job, you’re probably looking forward to the day you punch your last time card and can begin your retirement. But while you may have a 401K and social security coming your way, the bulk of your retirement stash may still fall on you and your ability to save. With […]
Is Someone You Love Suffering from Elder Abuse?
/in Community Involvement, Finance, General Information, Household Finances, Value Added Services /by Lynn Berubeby Pam Reiss According to the latest available statistics from the Administration on Aging, the number of senior citizens in America represented about 14.5 percent of the population. But that number is on the rise. The AoA expects that by 2040, seniors will make up nearly 22 percent—and by 2060 that number skyrockets to nearly […]
Lifestyles of the Broke and Famous
/in Community Involvement, Finance, General Information, Household Finances, Investment Services, Learning Center /by Lynn Berubeby Mark Attanasio Many people look to celebrities as an embodiment of the American Dream. Whether it’s an athlete inking a $100 million contract, a musician reaping the rewards of a platinum album or an actor raking in gold from an appearance on the silver screen, the rest of us see these individuals as the […]
Think Your Old Phone is Worthless? Think Again.
/in Finance, General Information, Household Finances, Investment Services, Savings, Value Added Services /by Lynn Berubeby Sindy Berkowitz Imagine walking into a Porsche dealership and offering up an old cell phone as your payment. Not even just a down payment—the whole thing. You’d probably be laughed out the door. Finding someone willing to make such a lopsided deal might seem impossible, but believe it or not, one California teenager was […]
Join Milford Bank in Honoring Veterans at Second Annual Milford Moves 5K
/in Community Involvement, General Information, Mortgage, Value Added Services /by Lynn Berubeby Becky Tudor At The Milford Bank, we feel that our success is intertwined with the success of our community, which is why we strive to provide, and participate in, events that promote healthy living. That’s why we started the Milford Moves 5K race; it’s also why, this year, we’re taking it to the next […]
Save Like a Pro: Financial Advice From Famous Athletes
/in Finance, General Information, Household Finances, Savings, Value Added Services /by Lynn Berubeby Jorge Santiago What do you think happens to the millions of dollars paid to today’s professional athletes? Do you assume that all of them have fat bank accounts? If so, you’d be wrong. Unfortunately, many of these heroes of the gridiron and diamond squander their earnings. In fact, 78 percent of former NFL stars […]
Buying a Condominium? Carefully Assess the Related Association Fees First
/in Finance, General Information, Household Finances, Mortgage, Value Added Services /by Lynn Berubeby JoAnn Sabas Are you like many customers of The Milford Bank who are looking to downsize from a large single-family home or start small with a first home? Then perhaps a condominium is right up your alley. If so, you may be becoming familiar with homeowner’s association agreements, which list mandatory fees for maintenance, capital improvements […]
Why You May Soon Be Seeing Yet Another New Chip in Your Credit Card
/in Checking Accounts, Finance, General Information, Household Finances, Value Added Services /by Lynn Berubeby Patty Gallagher When it comes to finances, concerns about privacy and security are not always top of mind for consumers performing a common action like making a purchase. And maybe they should be, since today’s customers frequently shop using plastic—most commonly a credit or debit card, which can be directly linked to their bank […]
What is the ROI of a College Degree?
/in Community Involvement, Finance, General Information, Household Finances, Learning Center, Meet Our Staff, Value Added Services /by Lynn Berubeby Lynn Viesti Berube Attention high school grads: are you heading off to college in the fall but not quite sure what you want to study? You are not alone. According to recent statistics, as many as 80 percent of college freshman walk onto campus for the first time without having chosen a major. Moreover, […]
So You Got a Tax Refund. Now What?
/in Finance, General Information, Household Finances, Savings, Value Added Services /by Lynn BerubeBy Celeste Lohrenz Congratulations—you’ve successfully navigated your way through another tax season and there’s a refund coming your way from the IRS. The only question now is what to do with the money. Sure, summer is coming and you could probably use a quick getaway to the beach. Or maybe you’ve had your eye on […]