Banking & Financial Education Blog

Quarterly Market Review: April-June 2017

The Markets (as of market close June 30, 2017)

The second quarter proved to be a bit bumpy for equities, but each of the benchmarks listed here closed the quarter ahead of their first-quarter closing values. April saw equities close the month ahead of March, buoyed by favorable corporate earnings reports, proposed tax cuts, and … Read More ›

Can I roll my traditional 401(k) account balance over to a Roth IRA?

Yes, you can make a direct or 60-day rollover from a 401(k) plan [or other qualified plan, 403(b) plan, or governmental 457(b) plan] to a Roth IRA, as long as you meet certain requirements.*

First, you must be entitled to a distribution from your plan. While you can always access your account when you terminate employment, … Read More ›

What is a rollover IRA, and do I need one?

Generally, the term “rollover IRA” refers to an IRA that you establish to receive funds from an employer retirement plan like a 401(k). A rollover IRA is also sometimes referred to as a “conduit IRA.”

When you roll funds over from an employer plan to an IRA, your financial institution may suggest that you use a … Read More ›

The Health-Wealth Connection

It’s a vicious cycle: Money is one of the greatest causes of stress, prolonged stress can lead to serious health issues, and health issues often result in yet more financial struggles.¹ The clear connection between health and wealth is why it’s so important to develop and maintain lifelong plans to manage both.

The big picture

Consider the … Read More ›

Views and conclusions expressed by First Bank & Trust ("Bank") herein are for informational purposes only and should not be considered nor used as a substitute for financial, investment or legal advice. The Bank does not endorse any third-party products, opinions or services linked, noted or discussed herein. No guaranty or warranty, either expressed or implied, is attached in any regard to the content of this website or its links.