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First Southern National Bank has partnered with Banzai to bring you clear, in-depth lessons to help you dive into the financial topics you care most about.

Leaving a Job with a 401(K)

2020-10-30T20:24:20+00:00October 30th, 2020|

When you leave a job with a 401(k), you’ll generally have four options for what to do with the money. Each has its own benefits and drawbacks, so deciding what’s right for you will depend on your situation and preferences. Leave the Money in Your Old Account If you have more than $5,000 in

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Find a Place to Rent

2020-08-07T14:39:09+00:00August 7th, 2020|

For many, picking the right house or apartment in a tight rental market is daunting, but by preparing in advance, you're more likely to find the perfect place to call home. While renting requires less immediate cash and fewer obligations than owning a home, that doesn't mean that it's cheap or easy, or

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Trusts

2020-08-10T18:03:54+00:00August 6th, 2020|

Setting up a trust is a way to ensure that your assets are handled the way you want them to be after you pass away. Trusts A trust, similar to a will, is a way to designate what happens to a person’s belongings after they pass away. How a Trust Works When

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Moving Costs

2020-08-06T21:10:18+00:00August 6th, 2020|

Moving is a big undertaking, but planning a budget can help make it go as smoothly as possible. To start your budget, it’s important to decide how you will execute the move. Will you hire a moving company, ask for assistance from friends and family, or a combination of the two? For small,

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To-Dos for Leaving a Job

2020-08-06T20:43:35+00:00August 6th, 2020|

Whatever your reasons for leaving a job, there are things you need to consider as you transition out of your current position. Health insurance, retirement savings, perks, and other benefits all change when you leave a job, and that’s on top of a change in income. Taking the time to plan ahead and manage

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Coach: Make the Most of Your HSA or FSA

2020-08-06T17:04:53+00:00August 6th, 2020|

Coach: Make the Most of Your HSA or FSA HOW IT WORKS Both an FSA and HSA lower your taxable income while providing a way for you to pay for health care costs, but they're not quite the same. This Coach will provide information on both types of accounts, guide you through estimating your health care

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Coach: The Cost of Baby’s First Year

2020-08-06T14:16:28+00:00August 6th, 2020|

Adding a baby to the family is exciting and expensive. Discover how much you’ll need to add to your monthly budget when a baby comes along, and see your one-time expenses based on your preferences. How It Works To start this Coach session, select “Start Here.” A feed will appear; follow along and

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Is The Money In My Account Safe?

2020-08-05T21:03:02+00:00August 5th, 2020|

Keeping money safe is important to everyone. Thanks to the FDIC, First Southern National Bank is a safe place to store your hard-earned cash. The best part? All you have to do is open an account. FDIC and NCUA There are two organizations, both backed by the United States government, that insure your money

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Early Withdrawals From Retirement Savings

2020-08-05T20:38:04+00:00August 5th, 2020|

Whether you find yourself laid off from work, facing a medical emergency, or confronted with a situation that you’re financially unprepared for, it may be tempting to withdraw from retirement savings—but there are penalties and consequences you need to consider before doing so. Early Withdrawal Penalties There are serious consequences to accessing your

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Tracking Your Joint Expenses

2020-08-05T20:51:31+00:00August 5th, 2020|

When you share your life with a partner, you're sharing your finances too. It can be awkward, but it's possible to make good decisions together. Tracking Your Joint Expenses It’s hard enough keeping track of your own expenses. So you shouldn’t be surprised that managing money as a team effort can test your

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When Times Get Tough

2020-07-01T21:18:29+00:00July 1st, 2020|

Whether you want to get ahead and prepare or find help in the midst of an emergency, there are ways to shore up your financial situation. HOW TO PREPARE When emergencies and unexpected situations strike, it’s important to be prepared and make wise decisions. While tough times can vary, from a

Financial To-Dos for Newlyweds

2020-07-01T21:16:46+00:00July 1st, 2020|

Getting married? You may want to check out some of these financial to-dos. Before the big day, sit down with your partner and talk finances. Some of these to-dos have a time limit—sometimes as short as two weeks after your wedding! Don’t miss out on money-saving adjustments by waiting too long after the big

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