Some Estate Planning Basics

Estate planning isn't the cheeriest subject, so it's no surprise that many Americans don’t even have a will. People may be focused on short-term savings, believe it’s too expensive to hire an attorney, or simply don’t understand the importance of estate planning. Although Ally Bank doesn't offer services specifically designed for estate planning, part of […]


5 Good Reasons to Update Your Will

Although Ally Bank doesn't provide estate planning services or legal advice of any kind, we are dedicated to providing information that helps you make good financial decisions. And when it comes to protecting your financial legacy, it's hard to over-emphasize the importance of having a will. Once you've established a will, what events mean an […]


Volunteering: Can You Do Well on Your Taxes by Doing Good?

Please note: Ally Bank does not provide tax advice and offers this information only as a consumer service. Consult the IRS or a professional tax advisor if you have questions about charitable giving deductions. Most everyone knows that the checks you write to qualified charities can qualify as tax deductions. But fewer people probably are […]


Estate Planning, Part 1: Getting Started

Most experts will tell you that good planning is key to sound financial health, and part of that process is estate planning—or planning for what will happen to your financial assets after you're gone. Although Ally Bank doesn't offer services specifically designed for estate planning, part of our mission is to provide you with information […]


Estate Planning, Part 3: Create an Estate-Planning Checklist

Providing an estate-planning checklist is part of our four-part estate-planning series, and although Ally Bank doesn't offer services in this area, we're always on the lookout for ways we can help customers make informed financial decisions.An estate-planning checklist should include: A will. This document describes how you want your assets to be distributed, and any […]


Estate Planning, Part 4: What Can You Pass Down?

Although Ally Bank doesn't offer services specifically designed for estate planning, part of our mission is to provide you with information that helps you make informed financial decisions. An estate plan can encompass just about anything you want. By planning ahead, you can take steps to protect your financial legacy and share it with your […]


Important Retirement Ages You Need to Know: Retirement Timeline

When one thinks about their retirement, images of lounging poolside while sipping on a tropical beverage often come to mind. But retirement is not all relaxation and leisure. Before reaching this important milestone, there are other benefits occasionally neglected. Here are a few target dates to remember when approaching retirement. 50 When you turn 50, […]


5 Ways to Teach Kids about Charitable Giving

CHARITY STARTS EARLY Because November is “Giving Back Month,” we’d like to help parents looking to broach the subject of charity with their kids. Here are five ways to teach them about giving back. Start the Conversation While talking to your kids about charity can be complicated, it is essential to start while they’re young. […]


How to Make Passive Income: Easy Ways to Make Money

When it comes to earning money, there are many options that exist outside the typical 9-to-5 office job. The most popular method of generating revenue in this way is called passive income. What Is Passive Income? Passive income is any income earned without active involvement. In other words, you’re still involved, but not in the […]


5 Reasons to Take a Transatlantic Europe Trip in the Fall

Maybe some of your friends went to Europe this summer. Maybe friends in Europe visited the U.S. Good for them but now it’s your turn and guess what? You were smart to wait. Not only are you saving money on the biggest expenditure of your trip, but also you’ll have peace of mind knowing you […]