Improve Your Financial Future with IRA Days

Bank of Luxemburg's IRA Days are coming up next week.  This is a great opportunity for you to learn about ways to improve your financial future.

Here are some of the topics that will be covered:

• Traditional IRAs vs. Roth IRAs
• Contribution limits
• Tax advantages
• Beneficiaries
• 401(k) rollovers
• Receive a bonus rate on Bank of Luxemburg IRA contributions
• Receive a complimentary retirement analysis

Join us Wednesday, March 2 at 6:00 p.m. at the Casco branch, or Saturday, March 5 at 8:30 a.m. at the Luxemburg branch.  

Please RSVP by calling (920) 845-2345.

Encouraging You to 'Buy Local' in Wisconsin

Here at the Bank of Luxemburg, we're encouraging you to spend your money in the local community.  We'll share more in future posts, but for now -- check out our radio ad to remind you to 'Buy Local'!

Apply for the Bank of Luxemburg Scholarship

Attention high school students!

In keeping with its tradition of community service & commitment to the education of future business leaders, the Bank of Luxemburg awards scholarships to the children & grandchildren of Bank of Luxemburg customers.  The scholarship was established to assist a graduating high school senior to continue his or her education at a university, college trade or vocational school.  Since starting this program in 2002, the Bank of Luxemburg has awarded scholarship funds totaling $120,000.

The scholarships awarded are for $1000.00 per year, for up to four years of full-time enrollment per student.  The Bank issues several scholarships for students attending the Luxemburg Casco High School and outlying school districts that are in our market area.  This year, due to our prevalence in Algoma, we will be awarding one scholarship to a student attending Algoma High School.

Applications for students attending the Luxemburg Casco High School or Algoma High School will be at the Guidance Counselor's offices.  The applications for the students outside of the Luxemburg or Algoma school districts will be in our Bank of Luxemburg offices located in Forestville & Bellevue.

Applications should be submitted to:
Bank of Luxemburg
630 Main Street
Luxemburg, WI 54217

5 More Savings Tips for the New Year

We've given you 5 Tips for Saving Money, but we have even more ideas to save some cash:

Automatic savings — You know you want to save money, but you just can’t seem to get started. That’s where an automated savings plan can work wonders, siphoning money from your paycheck or checkbook on a regular basis and depositing those monies in a bank savings account. Tip: link your checking account with a savings account at an online institution to avoid the temptation of making a withdrawal when you know you really shouldn’t.

Buy a home — If you’re in the market for a new home, 2011 may be the best year to buy one for two reasons: 1) mortgage rates are still low, near historically low levels, and 2) home values are low with bargains available in many areas. Avoid the foreclosure unless you’re handy — there should be plenty of other homes available at prices not seen in the past 5 to 10 years.