On March 11th, 2020, the Dow Jones Industrial Average entered bear market territory for the first time in 11 years, followed by the S&P 500 and the Nasdaq the next day. A bear market is defined as a sustained period of downward trending stock … [Read more...]
The Trust Company of Tennessee News | Q1 2020
The Trust Company of Tennessee adds Teri Rector as customer service representative
The Trust Company of Tennessee has hired Teri Rector as a customer service representative 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 … [Read more...]
Talking about money with your spouse
February – the month of love. This month, let’s switch gears from talking about divorce to talking about how to have productive conversations with your spouse about money. “Money Issues” is consistently named as one of the top causes for divorce, … [Read more...]
Coronavirus Fears Drive Markets Lower – Assessing the Recent Market Selloff
On Monday, February 24, global equity markets sank more than three percent on renewed coronavirus (COVID-19) fears, following reports of a surge in cases in Italy, South Korea and Iran. The S&P 500 Index, which had hit a record high the week … [Read more...]
Education Savings Tools – how to choose a savings option
College is quickly becoming more and more expensive. As we plan for education costs, we’ve started to grow college expenses at a higher inflation rate than healthcare. Long gone are the days where you could work through school, avoid loans, and … [Read more...]
2020 compliance updates
2019 Commentary: Maintaining course in uncertain times
At the end of 2018, we encouraged investors to stay disciplined and stay invested with the reminder that over time, cash is the worst performing asset class. While we weren’t specifically predicting it for 2019, cash returned to its place at the … [Read more...]
Conversations with your Kids about College and Money
According to a survey completed by TD Ameritrade in 2019 on the “Boomerang Generation”, 50% of young millennials (aged 22-28) plan to move back home after college. 1 in 3 of these millennials move home for more than two years. While the majority of … [Read more...]
Tax Reporting Mailing Dates
You should expect your tax forms from The Trust Company of Tennessee to be postmarked on, or before, the following dates. If you have any questions, please contact your Relationship Manager. Tax Form Postmarked Date Form 1099-R: … [Read more...]
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