Teaching Your Child and Teen About Money
Ask your 5-year old where money comes from, and the answer you’ll probably get is “from the bank!” Even though children don’t always understand where money really comes from, they realize at a young age that they can use it to buy the things they want. So as soon as your child becomes interested in […]
Facing the Possibility of Incapacity
Incapacity means that you are either mentally or physically unable to take care of yourself or your day-to-day affairs. Incapacity can result from serious physical injury, mental or physical illness, advancing age, and alcohol or drug abuse. Even with today’s medical miracles, it’s a real possibility that you or your spouse could become incapable of […]
4 Ways to Avoid Common Investor Biases
It may stun some folks, but successful investing often relies more on managing emotions than on managing the market. I’m emphasizing this even after analyzing fund and macroeconomic data for the last three hours. Our biases and emotions play a strong role in our investment decision-making, often to our detriment. Let’s start with recency bias, […]
HTC Team News and Honors
We are proud to be a Premier Partner with the FMWF Chamber for 2019. Jon Benson, Trust Officer, is a past president of Hospice of the Red River Valley and is currently on the Board of Directors. Steve Halverson, chairman of the board, currently serves on the FMWF Chamber of Commerce Board of Directors as […]
Meet Kayla Kranda
Kayla Kranda is an Operations Associate at HTC. She oversees our trust accounting software and makes sure everything balances. Kayla enjoys spending time with her family and friends and is an avid football fan. Tell us about yourself. I grew up in Tappen, North Dakota, and graduated from Minot State University with a bachelor of […]
Patience Is a Virtue
Everyone has heard the saying “good things come to those who wait” or maybe you’ve heard of the marshmallow test given to children. Likewise, delayed gratification is a major part of investing. Chasing an asset class that just had a winning period or selling one that experienced a losing streak can wreak havoc on a […]
Updating Our Software to Serve You Better
Technology is always changing. To keep clients and employees satisfied, businesses need to strike a balance between staying up-to-date without constantly changing the way business is done. At Heartland Trust Company, we are always looking for ways to improve our technological footprint while keeping your information secure. In 2018, we transitioned to new trust accounting […]
Tips for Protecting Your Identity
Data breaches seem to be inevitable these days. When they happen, your personal and financial information can be compromised leaving you feeling vulnerable. While you can’t control the manner in which your personal data is safeguarded by others, you can make it more difficult for criminals to use your personal information to cause you harm. […]
Famous People Who Failed to Plan Properly
It’s almost impossible to overstate the importance of taking the time to plan your estate. However, a 2017 survey from Caring.com estimates only 42 percent of American adults have a will or estate plan. Over 80 percent of those 72 and older have made these preparations, but that number drops significantly with younger demographics. You […]
COLA Limits for 2019
The Internal Revenue Service and the Social Security Administration have announced the cost of living adjustments (COLA) applicable to dollar limitations for retirement accounts and the Social Security wage base for 2019. Many of the limits have changed for the 2019 plan year. Changes for 2019 are in bold in the chart below. IRA and SIMPLE plan limits are […]
