Insights

    You are here:  
  1. Home
  2. Insights

Insights

Hits: 1080
Rating:

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive


Double your savingsThe IRS expects that more than 70% of taxpayers will receive a refund in 2017.¹ What you do with a tax refund is up to you, but here are some ideas that may make your refund twice as valuable.

Perhaps you'd like to use your tax refund to start an education fund for your children or grandchildren, contribute to a retirement savings account for yourself, or save for a rainy day. A financial concept known as the Rule of 72 can give you a rough estimate of how long it might take to double what you initially save. Simply divide 72 by the annual rate you hope that your money will earn. For example, if you invest your tax refund and it earns a 6% average annual rate of return, your investment might double in approximately 12 years (72 divided by 6 equals 12).

Hits: 1257
Rating:

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

 

Most private employers have already replaced traditional pensions, which promise lifetime income payments in retirement, with defined contribution plans such as 401(k)s. But 15% of private-sector workers and 75% of state and local government workers still participate in traditional pensions.1 Altogether, 35% of workers say they (and/or their spouse) have pension benefits with a current or former employer.2

Many pension plan participants have the option to take their money in a lump sum when they retire. And since 2012, an increasing number of large corporate pensions have been implementing "lump-sum windows" during which vested former employees have a limited amount of time (typically 30 to 90 days) to accept or decline buyout offers.3 (Lump-sum offers to retirees already receiving pension benefits are no longer allowed.)

Hits: 1025
Rating:

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

 

Buying a home can be a major expenditure. Fortunately, federal tax benefits are available to make homeownership more affordable and less expensive. There may also be tax benefits under state law.

Hits: 1315
Rating:

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

The economy picked up the pace in November, as did the stock market. After getting off to a sluggish start during the early part of the month, equities soared following the results of the presidential election. Each of the indexes listed here reached record highs during the month. The Russell 2000 posted the largest monthly gain, reaching double digits. Energy stocks jumped at the end of the month following OPEC's agreement to cut production. Investors seemed willing to sell bonds and buy stocks as evidenced by the yield on 10-year Treasuries, which jumped 56 basis points by the end of the month and now exceeds their 2015 closing yield. 

 

Hits: 1173
Rating:

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

As you can see, we have completely remodeled our website. There is a lot of new information. And within the next week, the pictures you see on the homepage will be pictures of our clients telling their story with HTC. We hope to change out the pictures and stories a couple of times a year. If you would be interested in sharing your story on our website, please contact Mike Hackett at This email address is being protected from spambots. You need JavaScript enabled to view it..

 

Building Relationships

As a small nonprofit, we are proud to work with Harbour Trust. They not only manage our investments wisely, but also exhibit great dedication to our region. The Harbour Trust team believes in working together as a community to improve our quality of life.

— Save The Dunes Conservation Fund - Northwest Indiana Not For Profit

Reach Out

Ready to chat about how we can help you?

About

Best-ofRelationship-Driven Expertise
Harbour Trust was built on the foundation of relationships. Nearly 20 years later, our focus remains the same – to help our clients achieve their financial goals.

Read more

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35

Security

As an independent Trust Company we have been granted a charter of operation from the Indiana Department of Financial Institutions...

Read more

Our Location

1024 N Karwick Road
Michigan City, Indiana 46360
Business: 219.877.3500
Toll Free: 888.649.8969
Contact Us