The Extraco Banks Blog | Wealth & Trust

Trust funds provide a financial safety net for your family in an unexpected tragedy. Creditors cannot access the money you place in a trust fund. However, the fund can pay for funeral expenses, medical bills, and other immediate needs. Trust funds can also ensure that your loved ones have the money they need to care for themselves financially, even after you're gone.

6 second take: Stocks, bonds, and ETFs can feel out of reach or intimidating — but anyone who can save can create an investing strategy. Regardless of economic background or walk of life, most individuals make money in two ways: earning it through work and investing. Though for the first-time investor, this second option can feel daunting and inaccessible.

Inflation in the US has surged to the highest level in nearly 40 years, reaching 7.9% in February 2022. This, coupled with the US Federal Reserve’s decision to raise interest rates, has alarmed many investors

Inflation erodes the purchasing power of your dollars. When excessive it can be a significant setback to your portfolio’s performance. It is something we always need to consider in our long-term planning; our expectations for inflation help drive what we need our investments to achieve to lift us to our goals.