4 Smart Money Moves for College Graduates
College graduates are beginning to enter a very strange job market. The unemployment rate is high, but not because of a shortage of jobs. Some potential workers are afraid to return because of health concerns, some do not have childcare, and others are enjoying unemployment benefits.
Can I Afford a Vacation
In general, you need to carefully consider all of your options before you vacation and with a little effort you should be able to afford one. As always, feel free to contact one of our bankers today to discuss banking products that may fit into your financial plan.
FOMO and Real Estate
FOMO, or the "fear of missing out," is one of many reasons why the residential real estate market bubble is growing so rapidly. Homes are selling quickly, often above asking price. There are even more realtors than properties listed for sale. While FOMO will always be evident, there are three other reasons why properties are selling so quickly.
Expect to see inflation and higher taxes in the next few years following the U.S. government spending programs enacted to bring relief to our economy during COVID-19.
Tips for Filing 2020 Taxes
The due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Here are some tips to help you file:
Show Me the Money
A new COVID relief package of $1.9 trillion was passed by Congress and signed by President Biden on March 11, 2021. The big takeaway for most is that individuals who make less than $75,000 will receive checks for $1,400.
Swimming Naked with GameStop
Bank investment accounts are a great way to build net worth, but keep in mind that betting on volatile stocks can be even more risky than going to the casino.
PPP and More
As the vaccine rolls out in our region, we are very optimistic that our country can return to normal in the near future. In the meantime, please feel free to check with your local bank to see what sort of help might be available to meet your needs.
Gulf Coast Bank & Trust Experiences Record Growth in 2020
About Gulf Coast Bank & Trust Company:
With $2.3 billion in assets, Louisiana-based Gulf Coast Bank & Trust Company serves its business and personal banking clients through its branches, loan production offices, trust and investment offices and business credit offices. It also offers business credit nationally through Gulf Coast Business Credit. Gulf Coast Bank & Trust Company has 19 branch locations across Southeast Louisiana and more than 45 total locations in 13 other states. For more information about Gulf Coast Bank & Trust Company, please visit GULFBANK.Cor call 1.800.223.2060. Engage with Gulf Coast Bank on Facebook, and Twitter (@gulfcoastbank).
Choose a Starting Point
I had a flashback of a memory this month when I rented a Hertz car and the agent asked, “Would you like a GPS with that?” I responded, “No, I have one on my phone.” This memory made me realize how ubiquitous GPS-enabled navigation apps are now.