Millennial Spending Habits Leave Little Room to Save

By Cortney Meng It was only three years ago that Millennials became the largest generation in the U.S. labor force, surpassing the Baby Boomers with employment numbers of 53.5 million. This seemed to be a coming-of-age moment for Millennials, but new research indicates that in spite of three straight years as the top demographic in […]

Investment Tips for an Uncertain Market

By Matt Kelly At the end of January, the Dow Jones Industrial Average capped off another record-setting month of growth, settling in around 26,600 points. Just a week into February, and the market had shaved off nearly 2,000 points as analysts began to question whether the bull market had finally slowed to a halt and […]

The Savings Spotlight Series, Part 3: Mid-Career Planning

By Chaz Gaines In the Savings Spotlight Series, we’ve made the case that there are numerous stepping stones throughout our lives that lead us down the path to financial well being. At every point, you’ll need to take a different approach. A teenager, for instance, might be saving for their first car. An individual nearing […]

The Savings Spotlight Series, Part 2: Recent College Graduates

By Chaz Gaines There is no one-size-fits-all savings strategy that will work for every individual. The truth is, we’re all at different stages in life and must adjust our planning accordingly. What works for a teenager saving for their first car isn’t going to work for a couple in their early sixties looking to retire […]

The Savings Spotlight Series, Part 1: First-time Savers

By 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

By 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

By 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

By 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

By 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 […]