BLOGS

It can be so easy to fall into debt – why is paying it off so difficult? And, if you have multiple credit cards, a few loans, and a mortgage, juggling payment amounts and schedules can seem overwhelming. Luckily, debt doesn’t have to be so stressful ...

You’ve done the research, you’ve made the decision to adopt, and you’re ready to get started building your family. But one thing is standing in your way – how do you cover the unknown, generally expensive costs associated with adoption? And how do you determine which financing options are best for your family?

While you’re putting together your New Year’s Resolutions, why not add a new budget or new investments to the list? Michael Joyce, President of First Merchants Private Wealth Advisors, says coming up with a solid financial plan can go a long way towards starting the year off right.

First Merchants Bank encourages all customers to double-check their retirement and employee benefit plans following the IRS’s 2023 Cost of Living Adjustments. These adjustments affect maximum contribution levels and dollar limitations for benefits and retirement accounts like your 401K, Health Savings Account, and Annual Compensation Limits, among others.

You have a Health Savings Account (HSA), and even contribute to it regularly – but did you know that, in addition to providing security for medical expenses, an HSA can also be part of a healthy retirement strategy?