Emergency funds are one of those things, like car insurance or a repair warranty, that feels painful to fund or pay for but comes in super handy when you find yourself in a financial rut, car accident or when something goes wrong with your TV. I can promise that you will never look back and say, “I wish I hadn’t …
Navigating divorce settlements in uncertain times
Divorce is wrought with emotions – fear, uncertainty, maybe even anger. Add a global pandemic and bear market to the mix and it can be nearly impossible to feel as if you are making any decisions with clarity. What should you do?
The Trust Company of Tennessee earns gold status for workplace wellness program
The Trust Company of Tennessee has been recognized for excellence in worksite wellness with gold status by the East Tennessee Wellness Roundtable.
FAQ: the Volatility of Oil
Given the recent extreme volatility of oil prices. We’ve put together a FAQ list to help you stay informed.
Community Aid
We, at The Trust Company of Tennessee, know that it is more important than ever to stay connected during these challenging times. We have created a list of resources that we hope you find useful. Statewide Resources Tennessee Department of Health COVID-19 CDC Coronavirus 2019 John Hopkins School of Public Health United Way Self Evaluation World Health Organization (WHO) Knoxville …
Roth conversions on sale
Chances are your IRA has a lower market value today than it did at the start of the year. No matter your age or retirement timeframe, this can be a hard pill to swallow. While the current market environment may only seem to bring negative thoughts of retirement to mind, there may be a silver lining to those who choose to take a long-term perspective in the midst of uncertainty. In fact, we would challenge you to view the market today as if everything were on sale, including Roth Conversions.
CARES Act Important Notice to IRA Owners
We hope you are staying safe and healthy. The confusing landscape of this environment is changing day by day, even hour by hour. Rest assured, however, that we are still here and working for you. You are on our minds and we have you covered. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law. The Cares Act contains a long list of features that are meant to buffer you from the hardships that are arising during this unprecedented time. We know you have questions about how the Cares Act impacts your IRA. We want to take a few moments to answer some of these questions.
The Trust Company of Tennessee adds Kate Johnson as administrative assistant
The Trust Company of Tennessee has hired Kate Johnson 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 management, …
The CARES Act: How does it affect retirement plans and IRAs?
On Friday, March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES), which President Trump signed into law. This act will provide significant relief to both individuals and businesses as they manage the current health crisis and its economic effects.
Focus on what you can control
Times of uncertainty such as these may fill you with uneasiness and a desire to do something – anything! Instead of selling off all of your investments and hiding your cash in a coffee can in the back yard, here is a list of productive financial actions you can do now to take advantage of a bear market.