Retirement savings seems complicated, but it doesn’t have to be. Opening an IRA (Individual Retirement Account) and contributing to it regularly can create a secure retirement scenario for your future. There are two types of IRAs, Traditional and Roth, and with both options money contributed grows on a tax-deferred basis. For 2019, you can make …
We are excited to announce that Carmen Rivera, Vice President and Market Manager, was recently honored with the “Outstanding Conservation Partner Award” by Groundwork Elizabeth. The presentation took place on February 19th at the Hilton Newark Airport Hotel in Elizabeth, during the organization’s Winter-Green Gala. “I’ve known Carmen for over a decade and she is …
Linda Percoco, a Spencer business customer, is a self-made, ambitious, successful businesswoman who started her own company in 2004, Max Title Agency in Livingston, N.J. She’s proved you don’t have to be a young entrepreneur and made it before the age of 30. At 50 she launched her business, proving sometimes second acts can be …
Spencer Savings Bank has announced the re-election of Nicholas Lorusso and Barry Minkin to the bank’s Board of Directors, for a term of three years. The election was announced at its Annual Meeting, held at the Royal Manor in Garfield, on January 23, 2020. “Spencer is pleased to announce the re-election of Mr. Lorusso and …
We all know that energy costs can be expensive. January 10th was National Cut your Energy Costs Day. To celebrate, we’ve compiled some tips you may want to follow to help you save some extra money monthly by trimming your utility bills. Installing Smart Thermostats A smart thermostat is a temperature control device that allows …
The beginning of the year is the perfect time to reflect on your finances, from how much you earn and how you are doing in your career to where you invest and how easy (or hard) it is to save. With the start of the new year, it is time to make the resolutions that …
At some point in your company’s evolution, you may realize that it isn’t growing as robustly as you would like it to. If your business has been growing more slowly than you would like, there are ideas that you can use to speed up growth. What follows are 7 ideas. Streamline your business Growth and …
We recently announced the expansion of our Commercial and Industrial Lending team with the addition of a new lending expert to meet the growing demands of the division. The team is excited to welcome Vice President Sid Vaidya as C&I Relationship Manager. With over a decade of strong experience working in the commercial lending industry, …
Spencer Savings Bank held its annual Toy Drive, in December, with all of the Spencer locations collecting toys from employees and customers. On December 20th, the Spencer Santa and his elves were hard at work, visiting the children at the Paterson Family Center to deliver the surprises! This is a division of the New Jersey …
The end of the year will be here before you know it, and after that tax time will be right over the horizon. The steps you take now, before year-end, could have a profound impact on your tax bill when April rolls around. Time is running short, but you can still take steps to lower …