Recent Posts by First State Community Bank

6 Estate Planning Basics for Young Couples in Missouri

Even though most people understand its importance, estate planning is one of those things that tends to get put off. If you’re nowhere near retirement age, you may not be considering what will happen when you die. Even though this is understandable, the reality is that it is wisest to be equipped with a plan—even for unlikely scenarios. Having the important conversations about your will today will ensure that your loved ones are cared for in the event of an accident, illness, or passing.

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Retirement Savings for the Self-Employed

Being self-employed can be incredibly satisfying. You get to be your own boss, keep your own hours, and make your own decisions about how to run your business. However, no matter what type of work you do, being self-employed still requires financial planning, and that means paying expenses, putting enough money aside for taxes, and preparing for retirement.

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Understanding Savings Account Options in Missouri

Every financial institution offers some form of savings account. The advantage of having a savings account is that it pays interest on your money, and up to $100,000 in deposits is insured by the federal government. Some banks charge fees for savings accounts and have restrictions on how often you can withdraw funds, but a savings account is the best place to put your money away for the future.

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