Articles and Appearances from the Experts
- Ron Jahnke, Private Banking Officer: Adding a SBLOC as part of your personal financial strategy - March 2023
- Lisa Persohn, Director of Operations: 2023 Annual Contribution Limit Update - February 2023
- Kiplinger: Minimizing Taxes When You Inherit Money - October 29, 2021
- Financial Advisor IQ: When a client needs cash & it's a bad time to sell securities - September 27, 2021 (log-in required)
- Chicago Tribune: Property values are climbing, but home equity loans are no longer in vogue. Here’s why. - September 2, 2021
- InBusiness: Emergency cash reserves: Have you considered this lesser known line of credit? - December 28, 2020
- Milwaukee Business Journal: Do you know your banker? Why it might be time to consider a private banking relationship - March 1, 2020
Ask A Banker Videos
See our bankers in action as they talk about services offered by Waukesha State Bank Wealth Management!
Do I need a minimum amount of money in order to take advantage of Waukesha State Bank’s Wealth Management services?
Presented by: Bernie Fiedler, Wealth Management Consultant
Video Transcript:
Number one, because we have minimum fees on our accounts. So, it doesn’t matter how much money you have, if you need the service, you can have that service. The second reason for it is many times we’ll give advice to our clients, and they’ll come in for years and come in and say I need a little help with this or help with that, and there is no charge for the advice. And maybe five years, seven years, ten years later, they come in and then they need our services and they’re comfortable with us because we’ve been answering their questions for a long time. The third reason that you don’t need to have a minimum is that we can do a financial plan for you with a fixed fee. And we don’t sell any products to you, so you don’t have to worry about that. That financial plan, whether you’re a young couple starting out, or you’re within five years of retirement and you want to know, “do I have enough money?” We can give you the information so that you make sure you’re on the right track, you’re using the right investments, and that you set enough aside to accomplish your goals. And then sometimes we have people that come in in two or three years, or as their circumstances change, and we’ll again run a financial plan for them for a fixed fee. So that’s a long answer for a very short question of it doesn’t matter how much money you have, we can help.
When and how should I start saving for retirement?
Presented by: Lori Hert, Prairie Trust Personal Trust Associate
Video Transcript:
Financial experts advise everyone to start saving and investing for retirement as soon as they can. Ideally, putting away 10% - 15% of your income each year. When you’re in your 20s, retirement saving may not be the first goal on your financial checklist. But, starting to save for retirement as early as possible will set you up for success in the long term. The reason it’s important to start saving as early as possible is having a longer horizon allows your investments more time to grow. It’s never too late to start saving money you’ll use in retirement, however, the older you get, the more limited your options become. The longer you wait, the more expensive it becomes to set aside enough to reach your goal. At Waukesha State Bank, our professionals are a great resource who can help you review your individual retirement savings goals and provide you with tools and tips that can help you stay on track. Please contact our Waukesha State Bank Wealth Management department for more information.
What is a Securities-Based Line of Credit?
Presented by: Ron Janke, Vice President – Private Banking Officer
Video Transcript:
The Securities-Based Line of Credit is a unique credit solution that allows a borrower to use their non-retirement investment account as collateral for a line of credit.
How can I use a Securities-Based Line of Credit?
The borrower can use the funds available from the line of credit for several purposes, including real estate transactions, college expenses, luxury purposes, or just to supplement personal cash flow.
What are the benefits of a Securities-Based Line of Credit?
The main benefit of a Securities-Based Line of Credit is that you can keep your funds invested in the market. You don’t have to sell them, which could create a taxable event. Also, in some instances, you can keep your current advisor relationship, which may be important to you. Finally, this type of line of credit is fairly easy to set up, has competitive rates, and very flexible monthly payment options.
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