Malvern Bank’s "Money Matters"

Money Matters: Better Than March Madness

March 26, 2021

Hello,

Every year, the NCAA basketball tournament — March Madness — brings excitement for basketball fans. Millions of people fill out their championship brackets, predicting who they think will win, hoping this year they make the perfect picks. It’s fun to get swept up in the hype.

It doesn’t take too many games before an upset happens and brackets are busted. This year it only took two days for everyone who filled out an online bracket to lose at least one game, according to the NCAA. The odds of a perfect bracket are:

1 in 9,223,372,036,854,775,808 (if you just guess or flip a coin)

1 in 120.2 billion (if you know a little something about basketball)

It's exciting in the short term to get caught up in the March Madness craze, but that approach shouldn’t apply to your financial strategy. The most successful plan for your future is one that includes planning for the long-term. For many investors, an IRA is an important part of their financial portfolios. Speaking of which, the deadline to make an IRA contribution that will decrease your 2020 tax bill or even boost your refund is April 15, 2021. If you’re interested in learning how an IRA could be a part of your investment portfolio, contact Malvern Bank at 610.644.9400.

Here are some stories making headlines in the financial world this week. Let me know if you have any questions or new ideas. Let’s keep in touch!

Sincerely,

Anthony C. Weagley
President & CEO
Malvern Bank, National Association
Office : 610.644.9400
Marketing@MyMalvernBank.com

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