According to a June 2011 article on FoxBusiness.com, retirees’ long credit histories are probably doing them many favors in terms of their credit scores when they retire. But no matter how long a credit history is, if it isn’t a good history, then it can negatively impact your retirement. Here are some things to consider:
Falling home values have prevented some homeowners from taking advantage of mortgage rates that may be significantly lower than what they are currently paying. Recent changes to the Home Affordable Refinance Program (HARP) offer relief to some borrowers who have been unable to refinance their mortgages because their home values have dropped. Park Bank can help you determine your eligibility for the new, expanded reach of HARP.
You have until April 17, 2012, to make your 2011 annual contribution to your Traditional or Roth Individual Retirement Account (IRA). And it’s never too early to implement an IRA savings plan for 2012.
Winter is upon us and the thaw is still months off, yet many of us are already dreaming of warmer weather, lighter clothes and daylight hours that last beyond the workday. No matter how cold or blustery your winter has been, just remember it could always be worse. Comfort yourself by having a look at some of the world’s coldest locations, and your own winter experience might end up seeming downright balmy.
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