Flashy cars. Five-figure handbags. Island vacations. With the steady stream of conspicuous consumption on social media, it may be easier than ever to feel that you’re always on a beer budget, even if you can afford a bit of Champagne.…
Financial Tips
For financial information about the bank’s parent company, Greene County Bancorp, Inc., please visit our Investor Relations website.
It’s the Most Wonderful Time of the Year (For the Economy)
For many Americans, the end of the year is a time for parties, family gatherings, festive meals and, of course, shopping. And all that celebrating makes the fourth quarter the most important time of the year for the U.S. economy.…
Put Your Money Where Your Values Are
Financial worries are often cited as a major source of stress. For example, a 2021 study found that even before the pandemic and subsequent economic downturn, a majority of Americans said they felt stressed or anxious about their finances.1 Similarly,…
Give Your Money a Midyear Checkup
If 2023 has been financially challenging, why not take a moment to reflect on the progress you’ve made and the setbacks you’ve faced? Getting into the habit of reviewing your finances midyear may help you keep your financial plan on…
As Your Parents Age, Help Them Protect Their Finances
It’s heartbreaking to hear stories of people losing money (even their life savings) as a result of fraud or financial exploitation, especially if they are older and financially vulnerable. In fact, it’s quite common. People age 70 and older reported…
How Taxes Impact Your Retirement-Income Strategy
Retirees face several unique challenges when managing their income, particularly when it comes to taxes. From understanding how taxes relate to Social Security and Medicare to determining when to tap taxable and tax-advantaged accounts, individuals must juggle a complicated mix…
Keep an Eye Out for IRS-Related Scams
Keep an Eye Out for IRS-Related Scams The IRS warns that although scams are especially prevalent during tax season, they also take place throughout the year.1 As a result, it’s important to always be on the lookout for suspicious activity so…
Time for a Spring Cleanup: Organizing Your Financial Records
The arrival of spring is always a good time to dust off the cobwebs that have built up in your home during the winter. It’s also a good time to clean out and organize your financial records so you can…
Key Retirement and Tax Numbers for 2023
Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are a few of the key adjustments for 2023. Estate, Gift, and Generation-Skipping Transfer…
Three Ways to Help Simplify Your Finances
Over time, finances tend to get complicated, especially when you’re juggling multiple goals and accounts. Simplifying your finances requires a bit of effort up front, but making just a few changes may help free up more time to focus on…
