Author: Deborah Goodkin, Managing Director, Savings Plans, First National Bank of Omaha

With Halloween right around the corner, haunting season is in full swing. However, when it comes to your finances, we are here to assure you there are no tricks – only treats ahead – when it comes to achieving financial independence.

Knowledge is power, so read on for a financial myth buster to dispel any eerie financial fears you may have.

  1. Myth: It’s difficult to remember to make deposits into my Enable Alabama account every month.

    Fact: With the Automatic Investment Plan (AIP), saving has never been easier with automatic contributions from a bank account. This feature allows you to set up recurring contributions of any set amount on a regular basis. Not only does this provide peace of mind, but ensures you will never miss the chance to save.  
     
  2. Myth: It’s hard to tailor my savings plan to address my specific goals.

    Fact: Enable Alabama offers five unique Investment Options, which Account Owners can choose from to select the option that works best for them. For more information about the Investment Options visit https://www.enableal.com/home/investments.html
     
  3. Myth: Only the beneficiary can contribute to an Enable Alabama account.

    Fact: Anyone can contribute to your Enable Alabama account at any time. In addition, with Enable Alabama gifting options, friends and family have the chance to help boost your savings by contributing to your account for birthdays, holidays and other gifting celebrations.

Have a question about any of these common myths or about your Enable Alabama account? Reach out to us via email at clientservices@enableal.com or at 1-866-833-7949.