Managing through global change, effects of the SECURE Act, in our communities, our growing team and more.
Make better decisions with your money
Your financial health has an impact on your overall well-being, so here are some serious and fun ways that you can make better decisions with your money. MAKE A PLAN TO REDUCE DEBT INCREASE 401(K) AND SAVINGS CONTRIBUTIONS A 401(k) is a primary source for retirement savings. Increase your contribution this year – it should only take a couple of …
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.
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, after all, and even when you are happily married having conversations about your finances can be difficult. Like anything in marriage, it takes consistency and dedication to get on the same page financially.
Coronavirus Fears Drive Markets Lower – Assessing the Recent Market Selloff
While the coronavirus is the main culprit behind the recent selloff, there are other factors that have likely also contributed to market volatility: the upcoming 2020 presidential election, elevated equity valuations and the inverted yield curve.
Education Savings Tools – how to choose a savings option
College is quickly becoming more and more expensive. Learn about a few options you have to make the most of your planning and investment in the future.
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 bottom of the return chart for the year.
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 parents say they will gladly welcome their children home after college, most parents also expect to …
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: Reports the taxable and nontaxable distributions from IRAs and Qualified Plans Jan. 31 Form 1099 Consolidated Statements and Grantor Letters: Reports …