Retirement

Protect Your Wealth and Start Paying Yourself

The freedom to live the retirement lifestyle of your choice with more time to spend with your friends and family can make your retirement years truly enjoyable. However, this is not the time to become complacent about your financial initiatives. Stay open to new ideas and opportunities to leverage your money, even if you are satisfied with your products and their performance.

How do I fortify my financial position?

Take advantage of Real Life Checking

Now is the time to maximize your earnings. FCNB offers the Real Life Checking accounts, which give you the freedom to earn rewards your way. If you are age 50 and above, FCNB offers the Prestige Club. Take advantage of the many benefits, including classes and seminars specific to your interests.

Real Life Checking

Prestige Club

Conserve time, money and paper with Electronic Banking

With FCNB's electronic banking features, you'll reduce the time it takes to manage your accounts, pay your bills and budget your expenses. Plus, you can go green with e-Statements and save the expense of printed statements while helping the environment. We offer an abundance of products to help you bank on the go!

Leave a legacy with a trust

A trust or estate plan can help you plan for the special needs of your children, aging parents or the responsibilities of higher education and more. Please see legal counsel or trust professional that is licensed to help you in the areas of trust administration and estate planning to grow your assets. Save on taxes and protect and manage your property. FCNB does not offer a trust department nor can we give legal advice, but we can help set up the estate or trust account once legal documentation has been prepared.

TIPS FOR EFFECTIVE FINANCIAL MANAGEMENT

  • Become aware of opportunities to reduce your lifestyle costs, e.g., downsizing vehicles or your home may provide convenience while lowering the costs and time of maintenance.
  • Determine your financial priorities, make a list with deadlines and start accomplishing them.
  • Start the decision-making process about where you want to live during retirement and figure all the associated costs.
  • Spend time doing what you plan to do at retirement to help yourself determine if you are ready.

Relieve your family from making difficult decisions

Decisions about the disposition of your estate, a living will, burial and funeral arrangements can be made now so your wishes will be known and your family will be relieved of making important decisions under duress.

Rent a safe deposit box

A Safe Deposit Box is a convenient place to store important items that would be difficult or impossible to replace. First Community National Bank safe deposit boxes offer privacy and in most cases, greater security. Than keeping your valuables and important documents elsewhere. Additionally, some insurance companies charge lower insurance premiums on valuables kept in a bank's safe deposit box instead of at home.

TIPS FOR EFFECTIVE FINANCIAL MANAGEMENT

  • Take advantage of senior discounts wherever you can, and don't be shy in asking for them.
  • Do not invest with someone you don't know.  Scams targeted at retirees abound.  Your investment opportunities should be carefully researched and verified by reputable professionals.
  • Be informed.  From your investments to your insurance you'll want to audit your current portfolio and policies and make the necessary changes to reflect your needs and preferences as a retiree.
  • Create a complete and detailed listing of your financial, investment, insurance and trust products and put a copy in your safe deposit box.

For help determining the best accounts and products for sound and productive money management during your Retirement Lifestage, please contact us or visit us at one of our branch locations.