The Trust Company Associate Relationship Manager William Probasco talks with Medium and Authority Magazine about how to establish trust by showing clients you have their best interests at heart. At TTC, our mission is to “empower clients to live confidently — knowing they have made the best financial decisions for their families, businesses, organizations, and employees.” So for us, building …
On August 25, 2023, the IRS delayed the effective date for one of the key provisions of SECURE Act 2.0 which impacts the ability for high-income individuals to choose whether their catch-up contribution is made on a pre-tax or after-tax (Roth) basis. This is great news for retirement savers as this would have eliminated a popular tax-break for high-income earners …
You have likely opened your statements for 2022 to find that for only the third time in almost 100 yrs, both the bond and the stock markets were down. You may find yourself asking: What should I do with my investments? Should I be moving to cash? Do I have to delay my retirement? Am I going to have to spend …
After two years of discussion, SECURE Act 2.0 of 2022 was passed on Friday, December 29, 2022. It is the most impactful retirement legislation in the past 15 years, and it received bipartisan support to help Americans save more for retirement. The legislation has many provisions, some which will take effect soon, while others will take effect in the future. …
As 2022 comes to a close, with markets down and in the wake of record inflation and rising interest rates, there are several factors and strategies to consider for mitigating taxes in the coming year. 1. The IRS released changes to prevent bracket creep – meaning that amounts will increase next year. If you haven’t taken advantage of Roth conversions …
If you’ve been paying attention to the financial markets, you may feel a bit unsettled by the volatility we have seen this year. Stocks have been impacted by a variety of factors including Russia invading Ukraine, inflation, and the Federal Reserve increasing interest rates (which has also impacted bonds). While volatility is a normal part of investing, it may feel scary. …
If you’re paying attention to the financial markets, you’re probably feeling a bit unsettled by the volatility we have seen this year. Volatility is a normal part of investing. It may feel scary, but it shouldn’t be surprising. Given the inherent volatility in the market, we have built this into our assumptions and our regular investment process. We also know …
Have you ever wondered what the Bear v. Bull analogy actually means?? Economists normally define a Bear Market as a 20% decline from a previous high over a sustained period of time. You may be hearing this term used more lately. However, the real question is, should you: Climb a Tree – buy in with extra cash Lay Down – …
The GDP data released this week showed that during the first quarter of the year, the economy was growing, or really contracting, at a pace of -1.4%. This number measures total output of Q122 compared to total output in Q421. On an annual basis, however, the economy did grow +3.6% in the first quarter of this year compared to the …
We’re certainly discussing inflation and the volatility of the markets in many meetings lately. A specific point of those conversations is about what to do with any extra cash clients have been holding. Questions you might have at the moment: What would be considered “excess”? Why should I invest excess cash instead of holding it in savings? Is the market too risky right …
