Community & Employee Involvement – Take 2 September 19, 2019
Forward is proud to be a community focused bank and supports employee driven initiatives to give back to communities through volunteer hours and donations. #100YearsForward
The Role of Life Insurance in Financial Planning September 17, 2019
Many people don’t think they need life insurance unless they provide heavily for a spouse and children. Even then, it’s often overlooked. But life insurance should be part of any comprehensive financial plan.
Here are three reasons why you might need it.
Your family is blended: Life insurance can provide for the equal transfer of wealth among different family members when you or your spouse are divorced and remarried. If you’re remarried, for example, life insurance can provide for your new spouse while your children inherit other assets, such as property or valuables. Similarly, you may have children from multiple unions, in which case life insurance can help you ensure that all of your children are provided for equally.
You will have end-of-life expenses: Most of us have various end-of-life expenses, and life insurance can create a reserve to pay those expenses upon your death. For example, it can fund the tax liability of your estate when it’s inherited by your loved ones. It can also pay for medical bills and funeral arrangements. It can even provide much-needed daily liquidity for your loved ones if other assets, such as property, are hard to convert to cash.
You own a small business: If you own a small or family business, life insurance can provide for the ongoing survival of this company. It can fund the sale or purchase of your business, for example, or it can provide for family members who won’t receive a share of the business when it’s handed over to someone else upon your demise.
Finally, remember that your life-insurance needs are likely to change over the course of your life as your personal and financial circumstances evolve. As a result, it’s important to check in regularly with an insurance agent to ensure that you’re properly covered for your current needs.
A good rule of thumb is to contact your agent once a year to review your needs. Make it a habit to get in touch at the beginning of each calendar year, or use your birthday as a cue to contact your agent.
This article and any information contained herein is intended for informational purposes only and should not be construed as legal advice. The publisher will not be responsible for errors or omissions or any damages, howsoever caused, that result from its use. Seek competent legal counsel for advice on any legal matter.
Remodels: What’s Good for Resale and What’s Not September 13, 2019
You want to get the best price for your house. You’re willing to do some remodeling – if it will deliver significant ROI. What’s worth the effort? Here are three projects worth considering and three that you can skip.
What you should consider…
- Kitchens – They sell homes. If your culinary center is looking worse for the wear, it will likely turn off potential buyers. Updating your kitchen is a good way to increase the value and appeal of your home.
- Bathrooms – These areas are also high on buyer’s priority lists, so they should be on yours, too. Focus efforts on the master bath and the powder room.
- Curb Appeal – First impressions are important and the front of your home is the first thing buyers see. Make efforts that will boost curb appeal, such as repainting that exterior, adding plants, and sprucing up the entry with a new door. These projects can often be completed at low cost but offer high return.
What you can skip…
- Pools – While you may enjoy countless hours of fun in your pool, this feature probably won’t pay for itself in home value increase. In fact, it could be a turnoff for some home buyers.
- Wine Rooms – While they may sound elegant, wine rooms or other original-design spaces are often too niche. Their limited audience makes them a poor investment choice.
- Removals – Just because you never use that fireplace doesn’t mean you should demolish it. Removing features is typically not a good investment. Potential buyers may wish it were still there, and you aren’t likely to recoup the cost of removing the feature.
For expert input on your remodeling efforts, contact a Mortgage Lender. We can discuss project ideas and offer support to get the best return on investment.
Forward Bank Has First $5,000 Touchdown Throw Winner in Colby September 11, 2019
Forward Bank sponsored a $5,000 Touchdown Throw on August 30th at the Colby Hornets football game and saw it’s first winner!
The lucky participant, Kevin Spindler, was selected at random from the crowd to attempt a 15 yard throw into a 32-gallon barrel sitting on the goal line for a chance to win $2,500 for himself and $2,500 for the school’s athletic program. Kevin’s first throw fell short and knocked into the front of the barrel. With the crowd cheering him on, he adjusted the distance on his second attempt and the ball sailed right into the barrel! Kevin is the first winner of the $5,000 Touchdown Throw since it replaced the field goal kick in 2018. Congratulations to Kevin and the Colby athletic program!
“These types of events encourage our communities to come out and support our student athletes,” commented Vicky Fischer, Office Manager at Forward Bank in Colby. “It is also a unique way for us to connect with our communities while giving back in a fun and exciting way! We’re so happy to have the first winner in Colby!”
Photo (left to right): Vicky Fischer, Erin Voss, Jessica Resler, Maria Palacios, Melanie Fetting, Dana Phillips, Kevin Spindler, Nathan Kunze, Traci Geiger, Sandy Klatt, and Gary Schraufnagel.
Community & Employee Involvement – Take One September 5, 2019
Our mission at Forward Bank is to “Move our Communities Forward.” Employees stand behind this mission and contribute back to our communities not only as volunteers for organizations, but as leaders. #100YearsForward