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Rapids Blog

What You Need to Know About Paying For College

With college costs soaring – and student loans readily available – it’s easy for young adults to graduate without understanding exactly how much they’ve borrowed or what their projected loan payments might be. Borrowing isn’t a bad thing. It’s when you borrow too much, and get in over your head with student debt, that things can get hairy. Here’s a look at what you need to consider when it comes to paying for college costs.

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Mortgages 101: Getting Started on The Path to Homeownership

When you embark on the search for a new home, you may think you know the steps to take: Read the listings, visit some open houses, sign on with a Realtor, make an offer. In fact, there’s a biggie missing from that list — a step as important financially as the house you decide to buy itself: Get a mortgage.

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What to Consider Financially As A First-Time Homebuyer

So, you’re ready to buy your first home. Congratulations! For many people, taking this step is one of the biggest financial moves they will make in their entire lives. Because of that — and because it’s a lot more complicated than, say, buying a plane ticket or even something else you’d need to finance (like a car) — you’re going to want to tread carefully.

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How Emergency Funds Work In Practice

If you depleted your emergency fund in the last year or so, don’t panic. We build up emergency funds so they’re there for us when we need them. And if you’ve never had an emergency fund, you absolutely need one to protect yourself if something unexpected happens. Because inevitably, it will. Here’s what you need to know about the care and feeding of your oh-so-important emergency fund.

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Why You Need An Estate Plan (And What Should Go In It)

Many believe that an estate plan is reserved for those with millions and mansions. This could be why only 42% of adults in the U.S. have estate planning documents in place, including wills and powers of attorney. Although you might not plan to leave a whopper of an inheritance to your loved ones when you die, an estate plan is the only way to make sure your assets go to the people or charities you love most.

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Rivermark Awarded Mental Health Seal

Bell Seal Logo

Mental Health America (MHA) awards a Bell Seal for Workplace Mental Health to companies committed to creating mentally healthy work environments. Rivermark‘s status as a Platinum Bell Seal-certified organization demonstrates our outstanding commitment to employee mental health and well-being.

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When Should You Take Social Security?

Older couple listening to a financial advisor about money advice

When it comes to Social Security, understanding the long-term implications of your decisions is key. Delaying benefits from age 62 to 70 can potentially lead to thousands more in retirement; working longer or collecting Social Security while working both maximize take - but earnings limits and projective trust fund exhaustion in 2035 must be considered. Make sure you've carefully weighed all options before claiming Social Security!

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“Trick” Yourself Into Saving More

Piggy bank overflowing with quarters

Saving for retirement doesn't have to be a daunting task. By breaking your goals down into smaller, daily targets and automating contributions, it can be achievable for any budget. Research shows that by making it easier to start saving, more people are able to take the necessary steps towards achieving secure retirements.

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Should You Save For Retirement?

Calculator Money and coffee on a table

Don't have a retirement savings plan yet? Retirement is too important to put off, even if life events have led you astray. Focusing on income replacement with Social Security and any other pensions you may be eligible for can help get your retirement bucket started. Remember—it's never too late to start saving for the future!

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