ABA Routing and Transit Number # 236084298

Moneyline Blog

  • Spring Cleaning: Tossing Financial Records

    As the weather gets warmer and Memorial Day approaches, people around the Philadelphia area will be thinking about spring cleaning. In fact, 62% of Americans engage in spring cleaning every year! But it shouldn’t just involve removing dust and organizing your closet. It’s the perfect time of year to review your financial documents (especially documents used to prepare your taxes) and determine which can be tossed.

    There’s no golden rule for how long to keep ...

    Full story

    Comment

  • Using Home Equity

    Using the equity in your home to pay off unsecured debt can be a financially pragmatic decision. Low annual percentage rates, tax-deductible interest (check with your tax preparer), and a single monthly payment can make second mortgages extremely attractive. The money you extract from your home can be used for home improvements, investments, and paying off high interest consumer debt.

    Second mortgages come in two basic forms: home equity loans and home equity lines of ...

    Full story

    Comment

  • Life Stages: How to Manage Your Finances Throughout the Years. Part 2

    Continuing our topic from our last blog entry…

    40's
    • As your income grows, look for investments and savings plans that shelter some of it from taxes.
    • Use a retirement planning software program or see a financial planner to figure out exactly how much you'll need to have saved to maintain your lifestyle in retirement.
    • Step up personal and employer-sponsored retirement savings accordingly.
    • Review your investment allocation and make sure you are ...

    Full story

    Comment