“We need a safe, but profitable place to park excess cash reserves. Where do we turn?”
To our Trust Department! We shop nationally for very safe, short-term investments and money market funds to provide the liquidity you need, when you need it. We can coordinate money movement between your investment account and your deposit accounts on a daily basis so that you enjoy a return on your cash, but maintain availability and flexibility for both planned, as well as sudden cash needs.
We can help establish secure, income producing alternatives while you grow your capital campaign funds, choosing safe investments to protect the value of the stewardship dollars. Once the project is underway, we will work with authorized personnel to release funds as directed to architects, engineers or contractors per your church’s designated instructions. We aim to prove our competency so that once the facility is in place and your church is ready to create an endowment with future bequests, we will be standing by to assist in further charitable endeavors.
“We need help coordinating long-term and short-term investment needs for our business. It’s a juggling act, and we need to plan ahead.”
The first thing we need to do is meet with your finance folks to learn about your business plan. Once we understand your requirements, we can put together an investment objective to achieve your current and future financial goals, and then implement the plan by selecting investments from the marketplace that fit your specific needs. We’ll strive to provide for current liquidity needs, adhere to maturities that are timed just right for planned capital expenses, while offering growth for a portion of the portfolio for long-term or future planning.
"I am self employed and need to start saving for retirement. IRA’s are okay but the limit is pretty low. Is there something better?"
Yes. The 2005 annual contribution limit for IRA’s is $4,000 (plus an additional $500 ‘catch up’ contribution if you are age 50 or older). There are several plans for small businesses that offer higher contribution limits than regular IRA’s. A plan known as the Solo 401(k) allows the greatest contribution limit (perhaps as much as $46,000 if you are age 50 or older). This one is worth getting to know about. Let’s talk.
Equal Housing Lender.