By: Chad Schollaert, AIF, CRSP, Retirement Services In October, Professor Richard H. Thaler was awarded the Nobel Prize in Economic Sciences. While past winners of the award included groundbreaking works that address large-scale macroeconomic theories and issues that may lack relevance to the average retirement plan participant, Professor Thaler’s work resonates loudly with material implications for both individual retirement investors …
Tax Reform Arrives
By Jack Davidson, CPA, CFP® On Tuesday, December 19th, the House passed the tax reform bill with a vote of 227-203. The tax bill hit a late snag on Tuesday afternoon, as the Senate parliamentarian noted that the House-passed bill contained three minor provisions that violated Senate rules, thus requiring slight modifications. After further deliberations, the Senate passed the bill …
Tax Reform for Nonprofits
The U.S. House of Representatives passed the long anticipated tax reform bill over two weeks ago on Thursday, November 16th. While the new taxation rates for both corporations and individuals have consumed the majority of headline news, the Tax Cuts and Jobs Act also incorporates several divisive provisions which may significantly impact a number of nonprofit institutions. Some of the …
Unwinding the Federal Reserve’s Monetary Policy and How It Can Impact Your Portfolio
Following the 2008 financial crisis, the Federal Reserve enacted numerous monetary policies to help stimulate the fragile US economy. The Fed aggressively cut the short-term federal funds rate to nearly zero to encourage lending from banks and financial institutions and spending from consumers and corporations. As the economic outlook weakened further, it also announced its decision to buy mortgage-backed securities …
How to Tell the Difference Between a (Tax) Plan and a Wish
Yesterday, the much-anticipated Republican tax plan was released to the public. Many hoped this document would provide specifics about what tax reform might actually look like. However, this latest draft is just an expanded version of the two-page document the White House released in April. The framework touches almost every tax category in the Code with the following proposals. Individual …
Equifax Security Breach – What to do??
We want to pass along info on the Equifax security breach and what steps to consider even though THE TRUST COMPANY HAS NOT HAD A SECURITY ISSUE . We encourage you to read the articles linked at the bottom. Acco rding to the Federal Trade Commission, “there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was …
DOL Update Seminars Sep. 26-28: Kingsport, Abingdon, Chattanooga & Knoxville
Please Join us for the following DOL Update Seminars in the following cities: Date Time Location Who Attends? Sponsors Register Tuesday 9/26 8:00 AM Kingsport TN Plan Sponsors The Trust Company, Brown Edwards CPAs, Vanguard Click Here Tuesday 9/26 11:30 AM Abingdon VA Plan Sponsors The Trust Company, Brown Edwards CPAs, Vanguard Click Here Wednesday 9/27 7:30 AM Chattanooga TN …
Top Work Place 2017, Leadership Award
We are proud to be recognized by the Knoxville News Sentinel as a Top Work Place for 2017. We are also very pleased to share that our President, Daniel Carter has been recognized for his leadership. The surveys conducted polled employees on various workplace topics and out of the area’s 3,000 small businesses, we were awarded a top …