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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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Interest

2020-08-07T19:04:25+00:00August 7th, 2020|

Interest plays a role in almost all aspects of personal finance, including savings, investing, credit, and loans. Simply put, interest is the money earned or paid when someone makes or receives a loan. You can be paid interest for keeping money in a bank account, purchasing a bond, or making other investments. You

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Avoiding Inappropriate Investments

2020-08-06T20:53:12+00:00August 6th, 2020|

There's outright fraud and there are inappropriate investments. Follow these tips to stay away from both. It's essential to avoid doing business with dishonest salespeople selling fraudulent investments and those who pressure you for immediate decisions by insisting that an opportunity will evaporate. It's equally important, but it may be harder to decide whether

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Meet Your 401(k)

2020-08-10T18:03:51+00:00July 1st, 2020|

If you’re lucky enough to be introduced to a 401(k), you’ll make a friend for life. Even if you’re just starting your first real job—actually, especially if you’re just starting your first real job—it’s time to start thinking about retiring. That’s not a comment on how motivated or unmotivated you are, or a

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Portfolio Building

2020-08-10T18:12:11+00:00July 1st, 2020|

As logical as it might seem to look for the perfect stock, bond, or mutual fund and make it your investment of choice, that’s not the best approach to meeting your financial goals. No single investment, or type of investments, provides a strong return year in and year out. The saving grace is

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Certificate of Deposit

2020-06-30T18:54:27+00:00April 1st, 2020|

CERTIFICATE OF DEPOSIT A certificate of deposit (CD) allows you to earn high-interest rates by agreeing to leave money in the bank for a specified amount of time. The length of a CD can vary, but anywhere between six months and five years is common. The minimum deposit is often $500. In

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