The Trust Company of Tennessee NEWS

Saving tools for education

As education costs increase, understanding what investment vehicles are available and what to consider when saving for college is something you should prioritize. Bank savings is important for many reasons but putting back a little extra each month may not provide enough growth for a college education. Fortunately, there are multiple ways to save for college and even K-12 expenses. …

Trust Company Kevin S. Fillers SOCIAL

The Trust Company of Tennessee adds Fillers as relationship manager

The Trust Company of Tennessee has hired Kevin S. Fillers as a relationship manager in the firm’s Knoxville office. Based in Knoxville, The Trust Company of Tennessee is a state-chartered bank with more than $3.5 billion under management. The company helps individuals, families, business owners and charities make better decisions with money through wealth management, corporate retirement and personal trust …

Your retirement plan could be your company’s best asset

How can your retirement plan work for you?  Aside from saving for your own retirement, that is… Retirement plans shouldn’t be a one size fits all approach. It should be a strategic tool that helps plan sponsors achieve their business goals. Just as one business differs from another, we see that plan sponsors have many different objectives for offering a …

Trust Company Alex Butler SOCIAL

The Trust Company of Tennessee adds Alex Butler as systems analyst

The Trust Company of Tennessee has hired Alex Butler as a systems analyst in 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 management, …

529 plan’s less popular cousin – the Coverdell ESA

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 …