Protect Your Future With The Right IRA Account

retirement ira accounts

Tax season commenced on February 12th, and the IRS has begun accepting and processing 2020 tax year returns. There are ways to help you save on your taxes and funding an IRA (Individual Retirement Account) is one of them. An IRA is a personal account, meaning that you do not need an employer to open …

How To Spot And Avoid Online Dating Scams

Romance Scam

February is the time to celebrate love. Many people turn to online dating sites in the hopes of finding love. In 2019, there were over 30 million online dating users in the United States. Scammers know millions of people use online dating sites. They are on there as well and ready to steal your money. …

Announcement of 2021 Annual Meeting Results, Welcomes New Board Members

Annual Meeting 2021

Spencer Savings Bank, a leading New Jersey-based community bank, announced that its 2021 Annual Meeting was held on Thursday, January 21, 2021. At the meeting, Peter J. Hayes was re-elected to the bank’s Board of Directors, for a term of three years. The bank also welcomed two new board members. Thomas J. Duch was elected …

Kinga Mikos Appointed to Vice President, Director of Retail Administration

Kinga Mikos

Spencer Savings Bank is pleased to announce the promotion of Kinga Mikos to the position of Vice President and Director of Retail Administration. Mikos will be responsible for leading and managing the Deposit Operations and Retail Service departments at the bank. Mikos brings over two decades of Deposit Operations, Project Management, New Product Development and …

Consolidate Your Old 401K Plan Into An IRA

IRA 401K Roth and Tax-free

For many workers, a 401(k) plan provides the best opportunity for retirement savings but keeping track of those plans can be difficult. Changing jobs is a fact of modern life and switching employers can be a great way to keep your career moving forward. If you have changed jobs along the way, you may have …

9 Signs That You Are Financially Literate

Personal Finances

Financial literacy is the possession of skills that allows people to make smart decisions with their money. Part of being financially literate is not only understanding the facts about money but also taking the right steps that can lead to the right financial outcomes. If you haven’t achieved full financial literacy yet, don’t worry. Tackle …

Providing A Full Range Of Commercial Real Estate Financing

Michael Claisse

Michael H. Claisse, Senior Vice President and Director of Commercial Real Estate Lending at Spencer Savings Bank, recently sat down for an interview on all that Spencer Savings Bank has to offer the Commercial Real Estate market. Tell us a little bit about what Spencer Savings Bank offers the Commercial Real Estate market? Spencer Savings …

Personal Finance Areas To Review Annually

2020 Review

When the new year arrives, many of us turn our thoughts to working out, losing weight and getting in shape. It is also common for Americans to start scheduling their yearly doctors’ appointments to review their health. Remember, getting your financial life in shape should be just as important and receive the same amount of …

Making The Holidays Brighter For Disadvantaged Community Members

Holiday Toy Drive

Spencer Savings Bank is making the holidays brighter for disadvantaged community members. The bank held a recent toy drive, collecting almost 150 gifts for disadvantaged community members. Gifts were distributed to the New Jersey Community Development Corporation (NJCDC) in Paterson, N.J. and CarePlus in Hackensack, N.J. For weeks, the Spencer team worked on an internal …

Spencer Savings Bank Supports Mental Health Initiatives, Donates $7,500 To CBH Care

CBH Care Check Donation

Spencer Savings Bank recently made a $7,500 donation to CBH Care, in support of mental health services in its community. The nonprofit organization is a leader in behavioral health care services for New Jersey and Bergen County, offering compassionate and mental health services to thousands in Northern New Jersey. “We are grateful for supportive community …