Financial resolutions are a great way to kick off the New Year. At The Merrimack, we think of resolutions as good habits: If you follow through on them, they can open doors to a better way of life for years to come. We hope these tips will help make 2011 your best year yet.
- Simplify your tax filing with TurboTax®.
In partnership with TurboTax, the leading software that automates your tax preparation, we are helping to make preparing your taxes as easy as Merrimack24 Online Banking. Instead of spending hundreds of dollars on a consultant or struggling with the forms on your own, TurboTax offers an easy solution. TurboTax guarantees accumulation of the largest refunds and accurate calculations when you answer pre-set questions. Use your Merrimack County Savings Bank Online Banking login to access TurboTax and get started today! If you’re not already registered for Online Banking, it’s quick, easy and free. Get started by clicking here »
- Learn Something New About Investing.
Education is empowerment and it helps with better decision-making. Contact Diana Osgood of our Wealth Management group at 603.223.2710 today to arrange a free, no-obligation consultation, and receive a wealth of useful information.
- Spend Less, Save More.
Every dollar not spent is another dollar saved. That temporary rush that comes with spending is not nearly as satisfying as the confidence felt when money is spent wisely. Evaluate your household habits and be honest with what you can eliminate, downgrade or spend less on.
- Pay Yourself First.
Good intentions can easily get off track, but there are things you can do to help yourself follow through. Automate your savings with monthly direct deposits—it’s like having the first bill you pay each month be to yourself. It’s easy to get into the trap of spending money in the order of bills, fun, savings. This order of spending yields little if nothing left over for yourself. Save first to ensure your nest egg grows. A large enough nest egg gives you the freedom and comfort to afford necessities, without needing to resort to interest-bearing credit.
- Track Your Monthly Income and Expenses.
Today’s fast-paced, hurried world can make it difficult to keep track of monthly expenses. The extra, miscellaneous or surprise expenditures that pop up from time to time make it more critical than ever to organize your monthly income and expenses. Tracking your cash flow is easy with FinanceWorks, free with Merrimack24 Online Banking. FinanceWorks offers a simplified, intuitive budgeting and tracking experience and allows you to manage all your financial accounts in one place with a single login. Sign up today and take the first steps toward managing your money better.
Curious about the 2011 Financial Landscape?
Paul Provost, Senior Vice President/Investment Executive of The Merrimack’s Wealth Management Group Offers an Optimistic Outlook
Paul Provost is a Certified Financial Planner with a B.A. in Economics and an M.A. in Administration and Management. In addition to a long career in banking and wealth management services, he has taught college level economics.
We asked Paul to weigh in on the 2011 economic landscape and provide a summary of the information he examines as part of his everyday responsibilities. “The economy is healing slowly with some demonstrated growth in corporate profits,” says Paul. “Keep an eye out for the following economic improvements that could very well happen in 2011:
- Interest rates will stay at a historically low level for most of year and begin to rise in late 2011 and through 2012.
- Inflation remains constrained due to high levels of unemployment. This pattern should change for the better with small and steady improvements in employment throughout the year.
- Many parts of the emerging global economy are in full recovery mode while Europe struggles with significant levels of debt.
- Stock and bond markets enjoyed a very strong 2010. The stock market is projected to continue this upward movement in 2011 but with short-term ups and downs, while the bond market is expected to retrench based on prospects of higher interest rates later in the year.”
This time of year is one of the best times to revisit your own personal economic future. To meet with one of our specialists, please contact Diana Osgood at 603.223.2710 to arrange a free, no-obligation consultation today.
2nd Annual Merrimack Holiday Pops Brings Joy and Cheer to the Community
We are pleased to report that the second annual Merrimack Holiday Pops was a huge hit among community members. A full house attended the concert at the Concord Capitol Center for the Arts on Sunday, December 19, 2010.
Clayton “Skip” Poole, Vice President and Senior Associate of our Wealth Management group, served as Conductor and Musical Director. Highlights from the night’s festivities included special guests Laura Knoy, narrator; Patty Barkas, solo vocalist; John David Adams, bass vocalist; Elliott Markow, violinist; Kathleen Lyon-Pingree, harp soloist; the Concord Chorale with Kristofer Johnson conducting; plus special guest conductor Paul Rizzi, President and CEO of Merrimack County Savings Bank.
The Friendly Kitchen
The Merrimack is proud to donate time, money and volunteers to The Friendly Kitchen. We have helped purchase, prepare and serve warm meals to the hungry for more than 20 years and stand behind The Friendly Kitchen’s mission to offer meals for the hungry in a warm and caring environment.
Pam Ordway, Vice President, Senior Underwriter Retail Lending, manages The Merrimack volunteer program. Five teams of 3-4 employees participate regularly. With a monthly food budget of just under $200, the bank’s team captain coordinates a shopping list and helps to prepare the meal on-site, while all members pitch in to serve and clean-up.
When asked why Pam gives so much of her time to participate, she responds, “I enjoy doing this. I love cooking and organizing meals and feel good when I am providing food to people who need it most.”
Pam’s response matches The Merrimack’s desire to make a difference in our community. In late November of 2010, we were honored with the 2010 Spirit of New Hampshire Business Champions Award.
The Friendly Kitchen, located at 14 Montgomery Street in Concord, serves over 40,000 meals yearly. To learn more about this wonderful organization, visit www.thefriendlykitchen.org.
Customer response to our year-end eStatements promotion was outstanding. We are pleased to announce nearly 600 new enrollments in eStatements since November 2010! As a result, more than $3,000 was rewarded to customers that enrolled in November and December. We also promised to donate $1 per enrollment to a local food kitchen and are pleased to be sharing the $600 raised with the Friendly Kitchen in Concord, the St. John Newmann Food Pantry in Nashua and the Hopkinton Food Pantry.
Still not signed up for eStatements?
There are lots of reasons to register to receive eStatements from The Merrimack, the electronic versions of your regular bank statements available online for free.
Traditional bank statements are inefficient. They use too much paper for printing and mailing, take anywhere from a day to a week to arrive in your mailbox, and require room for storage. eStatements are free and available online as soon as your information is ready. You can access your eStatements anywhere you can get online, and you can file them on your computer for easy reference.
Congratulations Phil Emma and Ed Caron
The Merrimack is pleased and delighted to share in the promotions of Phil Emma (upper photo) and Ed Caron (lower photo), as voted by the Bank’s Board of Directors on December 21, 2010.
Mr. Emma has been promoted to Executive Vice President/COO/CFO. In addition to his responsibility for the financial activities of the bank, his operational oversight includes residential and consumer lending, wealth management, and branch administration. Phil joined the Merrimack in 1999 and has over 25 years of experience in banking and industry.
Mr. Caron has been promoted to Executive Vice President/Senior Credit Officer and will assume greater administrative responsibility for credit risk and credit quality management activity in addition to managing Commercial Banking. His banking career spans over 30 years, the last fourteen of which have been with The Merrimack.
Please join us in congratulating both Phil Emma and Ed Caron!
Interested in Home Ownership, but Not Sure How to Get There? Join Paul McLaughlin as He Leads the 2011 CATCH Home Buyer and Financial Success Series.
The Merrimack is proud to sponsor and lead classes at The CATCH Housing Center at 76-78 South State Street in Concord. Paul McLaughlin, Mortgage Originator at Merrimack County Savings Bank, will be leading all-day classes throughout the year.
The Home Buyer and Financial Success Center at CATCH Neighborhood Housing was established in 2000 to assist individuals and families preparing for home ownership. Since that time, classroom training has been provided to more than 1,000 families. Please click here for details on how to register »
Paul McLaughlin has spent more than 20 years of his banking career in mortgage lending. He attended New England College of Finance and Bentley College and currently serves on several committees of the Greater Nashua Habitat for Humanity.
Don’t Forget to Check Out Upcoming Events by Visiting Our Calendar Regularly!
Be sure to check back regularly as we’re always adding new events.
Call toll-free 800-541-0006 or visit www.TheMerrimack.com to learn more
about The Merrimack and how we can help make a difference for you.