We’re continuing our education series with a closer look at Coverdell ESAs. Before 529 plans were expanded to include K-12 tuition, Coverdell ESAs were a popular way to save for both college and secondary education expenses. Coverdells have both benefits and limitations, and it’s important to compare all of your saving options before opening an account. Benefits First off, Coverdells can look very similar to 529 plans: Both provide tax-free withdrawals on qualified education expenses. Both have …
The Trust Company of Tennessee News | Q2 2020
The value of staying the course, why performance differs between the economy and stock market, familiar faces in expanding roles, our growing team and more.
Trust Company of Tennessee team members elected to national financial technology advisory board
Two representatives of The Trust Company of Tennessee have been elected to board positions with InnoTrust Users Group.
The Trust Company of Tennessee donates $30,000 to nonprofits amid COVID-19
The Trust Company of Tennessee is donating $30,000 to two East Tennessee nonprofits to provide additional support and counter the effects of COVID-19 on members of the local community.
New! Virtual Retirement Account Reviews
The Trust Company of Tennessee is excited to announce a new complimentary resource for plan participants seeking advice on their retirement plan and other retirement planning topics. A Client Specialist is available to provide Virtual Retirement Account Review meetings. These meetings would provide 1-on-1 guidance to plan participants to address concerns such as, but not limited to: Do my investments …
The Trust Company of Tennessee announces four promotions to leadership positions
Chad Schollaert has been promoted to chief development officer; Lara Fleming, chief people officer; Adam Davies, vice president of retirement plan services; and Matt Prince, vice president of wealth management.
Haslam College of Business Webinar
Tracie Woidtke, Sharon Pryse, and Andy Puckett will provide an overview of how COVID-19 is affecting our capital markets. How are equity and debt markets being disrupted? Should investors panic? What changes are we seeing from publicly traded companies that are operating in this environment?
The Trust Company of Tennessee adds Cardwell as administrative assistant
The Trust Company of Tennessee has hired Cassandra “Cassie” Cardwell as an administrative assistant at the firm’s Knoxville headquarters. Founded in 1987 and with offices in Chattanooga, Knoxville and the Tri-Cities, The Trust Company of Tennessee currently has more than $3.5 billion under management. The firm helps individuals, families, business owners and charities make better decisions with money through wealth …
Relief for Student Debt Holder
On Friday, March 27, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. The $2.2 trillion emergency stimulus bill provides relief for American consumers, businesses and industries. It came as a surprise to many that included in the The CARES Act includes two provisions that directly impact student loan debt holders: Section 3513: PAYMENT …
Market Commentary | Q1 2020
As we all settle into a new normal, we hope you and your loved ones are well. Isn’t that really what investing is about? It’s about storing up for the future to provide for ourselves and those we care for, or maybe a charitable cause or a personal dream. Uncertainty is high in the current environment, but we believe this, too, shall (eventually) pass.