If you’ve done any research about retirement planning, you know that it’s NEVER too early to start. In fact, starting to save during your college years is slowly becoming the norm! But what do you do when years turn into decades and you still haven’t started saving for your retirement? If you are in your 50’s and haven’t been able to build up the retirement fund, you’ll need to get started and fast. Here are some tips to help you out! Continue reading “Retirement Planning – I’m 50 and haven’t started yet!”
One of the best things about the holiday season is the traditional recipes that have been made year after year and passed down from generation to generation. Here are some of our family favorites here at Litchfield Bancorp. We hope you enjoy them as much as we do. Happy Holiday!
If you haven’t heard about National Preparedness Month, which was started in 2004, now it the perfect time to learn about it and implement some of the key principles within your business. Even though the whole month of September is designated as National Preparedness Month, that doesn’t mean you should only revisit your emergency plans at that time, it’s a yearlong endeavor that takes some organization and teamwork. Even with warnings from the news and weather channels, you still never truly know when disaster will strike and the severity of the situation. Continue reading “September is National Preparedness Month. How is your business preparing?”
As a business owner, providing what your customers want is vital to your business. Businesses that boast high customer satisfaction rates go above and beyond delivering their product and/or service – it’s all about the perks. For brick and mortar businesses, one of those perks is free WiFi! More and more types of businesses — from fast-food restaurants to laundromats — are investing in fast, free internet service for their customers. Continue reading “Should you offer free WiFi in your business?”
While there’s no concrete answer or definitive number on how much you should be stashing away for your children’s college fund, there are some guidelines that can help keep you on track. Keep in mind that the price of tuition, room and board, and fees are always in flux, and you may need to adjust accordingly as these costs continue to rise. There is also a significant cost difference between public and private schools. According to College Board, the current cost of a four-year in-state public university is estimated to be $20,770 per year versus an annual cost of $46,950 for a four-year private college. Continue reading “Saving for college – how much is enough?”
Employee wellness programs have become a staple in many companies to attract top talent, keep them happy, healthy, productive, and decrease employee turnover. Office wellness can make a difference towards being an efficient business according to the U.S. Chamber of Commerce, more than 60% of employers said workplace wellness programs reduced their organizations’ healthcare and workers compensation costs. This means that companies that offer programs centered around employee wellness can end up saving more money over the long haul. Continue reading “How to create a wellness program that your employees will LOVE”
There’s been a shift in recent years that has taken consumers away from the big-box retailer. Countless people are craving a more personal experience and it’s easy to do that right here in Northwest Connecticut. Continue reading “Here’s Why You Should Want to Support Local Businesses”
Most businesses know they need a digital presence to promote their brand, and many have extended that brand strategy into the social media space. Applications such as Facebook, Twitter, Instagram, Pinterest, SnapChat, Yelp, and LinkedIn are growing in popularity.
But are you maximizing those spaces or do you just have a “spot”? Continue reading “Easy Ways to Increase Your Brand Awareness Using Social Media”
Like many businesses here in Northwest Connecticut, Litchfield Bancorp is asked to donate to and support local non-profits, community development projects and schools in our area. Of course, giving back is important to ensure these organizations are able to fiscally thrive, but to us here at LBC it’s far more than that. Continue reading “Giving Back…It’s just part of our Culture here at Litchfield Bancorp.”
College costs are one of the biggest expenses a student (and their families) will ever have to pay. A four year degree will cost between $40,000 and $120,000 for the tuition alone, before figuring in housing, transport, food, and all the other costs a young academic has to pay. In fact, research shows that on average it takes 21 years to pay off student loans!
Depending on when your kids are going to go to college, you’ve got several options to help them pay for their education — Let’s explore what they are.