What is an Estate Plan and Why Do You Need One? At American National Bank & Trust Company, we are pleased to offer comprehensive estate planning services to our clients, helping to ensure that their legacy is protected and their loved ones and beneficiaries receive the full benefit of their hard-earned wealth. In this post … Continued
What is a Health Savings Account? If you have a high deductible health plan, you’re eligible to open a Health Savings Account (HSA). Keep reading to learn how HSAs work, what they can be used for, and other important information. How does an HSA work? A Health Savings Account (HSA) is a type of … Continued
Businesses must rely on technology to stay competitive and efficient. Unfortunately, that also makes you a target for digital fraud and cybersecurity breaches. It may be the biggest companies that make the news for data breaches, but small businesses are also targeted by scammers. However, small businesses don’t have the same resources as larger companies … Continued
In an ever-changing financial environment, having a well-structured long-term savings plan is essential for achieving significant financial goals. Whether you’re aiming to buy a house, add a vehicle to the garage, save for education, build retirement savings, enjoy a well-deserved vacation, or pursue other important goals, a long-term savings plan acts as a clear path … Continued
Your estate plan is a vital tool that ensures your wishes are honored and your loved ones are taken care of when you’re no longer able to do so. It’s generally advisable to review it every three to five years. However, life is full of changes and unexpected events. Changes in relationships, financial circumstances as … Continued
As a small, community-oriented business, fraud prevention and cybersecurity may not be at the forefront of your daily concerns. Unfortunately, this line of thinking may have made smaller companies increasingly susceptible to cybercrime. In fact, small businesses are now at the receiving end of 82% of ransomware attacks. In this post, we’ll offer a basic … Continued
Compound interest is one of those things that can either work in your favor (as with saving and investing) or hurt you (as with credit card debt and student loans). In this article, we’ll explain what compound interest is and how you can take advantage of it to grow your savings. What is compound … Continued
Whether you’re ready to get your first credit card, or have had problems managing credit cards in the past, this article will explain how to best use your credit card(s) to reap benefits, avoid high fees, and improve your credit score. Used strategically, a credit card can be a convenient financial tool that also helps … Continued
There are dozens of reasons why all small businesses, regardless of size or profits, may need to borrow money from time to time. From commercial real estate loans and equipment loans to lines of credit, financing can help you maintain cash reserves, prepare for future growth, and manage cash flow to not only keep your … Continued
The earlier you start teaching your children basic concepts of money management, the more effective those lessons can be, setting them up for lifelong benefits. But, in the hustle and bustle of raising children, it can be easy to overlook common but important everyday teaching opportunities. Showing your children the value of money and instilling … Continued