Veteran's Day: Honoring Those Who Served or are Still Serving

by Brian Kavanagh 8. November 2012

Veterans Day 2012

November 11th is the day we honor our veterans and active military as an expression of gratitude for their service and sacrifice to our country. But where did Veterans Day come from?

The 11th Hour

Veterans Day stemmed from the end of World War I, when the Treaty of Versailles was signed on June 28, 1919. Although the Treaty was signed in June, fighting stopped seven months earlier when an armistice between the Allied nations and Germany went into effect on the eleventh hour of the eleventh day of the eleventh month. For that reason, November 11, 1918, was recognized as Armistice Day, until the Korean War ended in 1954. It was then renamed Veterans Day, in order to pay tribute to all veterans and active military.

How You Can Help Out This Veterans Day

For those who want to help out our veterans, here are three ways you can volunteer and make a difference in the lives of America's heroes.

Wounded Warrior Project - Wounded Warrior helps service members injured in the line of duty get access to programs that directly meet their needs. Check out the site to find out how you can perform a day of service (or more!) in your area.

Buddy to Buddy - Buddy to Buddy connects veterans with service members and vets of our recent military operations overseas in order to provide them with peer support and be a connection to helpful resources. If you have served your country, please consider helping a fellow hero!

United We Serve - United We Serve is a White House-led program that helps connect volunteers with local opportunities to help. You can also post projects on the site to get help for your own local initiative helping military veterans and their families.

Celebrate Our Veterans

No matter how you spend this Veterans Day, don’t forget that it’s all about the service of our brave men and women. We’re honored to be able to provide our services to veterans across the country. Thank you from the bottom of our hearts to all of our military service members and veterans for keeping our country safe and free.

If you are a veteran looking for a home loan, check out VAMortgage.com.

Managing Your Money in Retirement

by Andrew Schreiber 6. November 2012

Money in RetirementYour days of working are over. Now you have to figure out a new financial plan. The nest egg that you have accumulated through your pre-retirement years will determine the type of life you are able to live post-retirement. The more disciplined with saving you have been in your younger years, the more comfortably you should be able to live in your golden years.

If you spent the younger days of your life thinking that you would never make it past 60, yet now 60 has come and gone and you’re still going strong, here are some tips on making the most of your retirement fund.

Rate of Withdrawal

It is very important to determine a safe and conservative rate of withdrawal to ensure that there are adequate funds for your post-retirement years. Determining a safe rate of withdrawal will ensure that you will not run out of money. You must figure out a happy medium between being frugal and living enjoyably. This might require life changes such as home downsizing and reducing or eliminating spending on luxury items and impulse buying.

Asset Allocation

In previous life stages it was important to save and accrue wealth. Now it is time to protect the wealth that you have accumulated throughout your life. This might require reallocating your assets to safer investments. Instead of having high growth investments, it’s now time to invest in more well-established blue chip firms that pay dividends consistently. This will help protect your wealth and guarantee future cash flow.

Continue Working

After retirement, if you are looking for ways to fill your newly gained free time, consider working at a different capacity than before. Working part-time as a consultant or entering a different career path altogether is a great way to fill your time and gain some extra income. This allows you to continue accumulating wealth and live a more comfortable life. It will also keep you physically and mentally active. Finally, if you decide to work, you could be eligible to make use of your employer’s health insurance benefits to further reduce your personal expenses.

With so much newly found free time, it would be easy to go through all of your money in just a short while. Set your new budget and stay on track!

If you found this article useful, be sure to check out these related articles:

Has Anyone Seen My $200 Million?

How Your Credit Score Affects Your Health

Money in Your 30s: Manage It, Don't Be Managed by It

Hurricanes and Halloween. Happy Weekend, Baltimore!

by Stacy Tharp 26. October 2012

Hurricane Sandy Path

Source: National Weather Service National Hurricane Center

As I’m sure you’ve heard by now, we have an angry storm headed our way. Invited or not, Hurricane Sandy is coming to a town near you. According to a recent report issued by WBAL TV-11, Hurricane Sandy’s path is making it a near certainty that it will make landfall anywhere between the Outer Banks and New England. If you know your geography, you’ve probably realized that Baltimore is pretty close to the direct center of that range. According to the article, BGE is preparing for what it expects to be hundreds of thousands of potential power outages.

Luckily, I’m confident that you all read my article from last summer, Heat, Storms and Power Outages: Were You Prepared? So everyone should be prepared as the lovely and talented Hurricane Sandy makes her way towards us.

If we simply MUST be put right smack in the middle of Hurricane Sandy’s path, depending on your thought process, she’s either coming at an awful time, or at a fantastic time. You might be thinking that Ms. Hurricane Sandy will ruin your Halloween in Baltimore! You had the perfect costume ready and were so excited to celebrate Halloween in Fells Point, take your children trick-or-treating in your Baltimore neighborhood and attend the 2012 Halloween Lantern Parade and Festival in Patterson Park.

I, however, say don't let Hurricane Sandy ruin your Halloween; instead, embrace her presence! If you are stuck in your house on Halloween, have some neighbors over and play some Halloween games. If your power goes out, that will only make the games more fun!

As far as your banking needs go, be sure you look into all of your different banking options ahead of time - from being aware of the nearest branches and ATMs to enrolling in Online Banking and Mobile Banking. Using Online or Mobile Banking, you can set up future-dated bill payments and transfers before the storm hits in case you lose your power and are unable to log in to your accounts after Hurricane Sandy hits. You never know where or for how long power outages will occur, so the more banking options you have, the less likely you will be inconvenienced. If you are planning on heading to one of our branches after the storm hits, be sure to first check our News and Updates page to check for any branch closures due to power outages.

Most importantly, make smart decisions and stay safe!



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