Many IRA and retirement plan limits are indexed for inflation each year. While some of the limits remain unchanged for 2021, other key numbers have increased. IRA contribution limits The maximum amount you … Read More
The Markets (as of market close October 30, 2020) Stocks fell for the second consecutive month in October as rising COVID-19 cases and related deaths shunted signs of an economic rebound. The month began on … Read More
Please join us in welcoming Gregg Balderrama, CFA, CAIA Senior Portfolio Manager, to the TrustBank team. Gregg looks forward to working with the professionals at TrustBank, our community and building prosperity for … Read More
The Markets (third quarter through September 30, 2020) July kicked off the third quarter with a bang as stocks surged throughout much of the month. Investors were encouraged by solid employment growth, a rise in … Read More
Please join us in welcoming Aaron Mascarella, Senior Vice President of Commercial Lending to the TrustBank team. Aaron looks forward to working with the professionals at TrustBank and building his business and … Read More
The Markets (as of market close August 31, 2020) The positive run for stocks continued in August as the major market indexes regularly reached all-time highs. While investors remained bullish toward equities, it wasn't … Read More
Even in normal times, it can be challenging for families to cover college expenses without borrowing money and/or risking their own retirement security. For the 2019-2020 academic year, the cost of in-state … Read More
The Markets (as of market close July 31, 2020) Stocks posted gains in July in spite of gloomy news on the economic and pandemic fronts. Investors continued to trust equities despite the gross domestic product … Read More
The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March 2020 ushered in several measures designed to help IRA and retirement plan account holders cope with financial fallout from the virus. The … Read More
The amended rules under the Coronavirus Aid, Relief, and Economic Security (CARES) Act provide flexibility for health-care spending related to the ongoing COVID-19 pandemic. 1 High-deductible health plans cover telehealth services Under the CARES … Read More
Almost Nine Out of Ten Women Qualify for Social Security on Their Own The percentage of women who are fully insured for Social Security retirement benefits based on their own work records has … Read More
On June 8, 2020, the National Bureau of Economic Research (NBER), which has official responsibility for determining U.S. business cycles, announced that February 2020 marked the end of an expansion that began in 2009 and the … Read More
The due date for federal income tax returns and payments is Wednesday, July 15, 2020. Due to the coronavirus pandemic, the original due date for filing federal income tax returns and making tax payments was … Read More
The Markets (second quarter through June 30, 2020) Stocks rebounded from a dismal March by posting their best monthly returns since 1987, as investors were encouraged by the expectation of additional government stimulus programs and hope … Read More
Foreign Tourists More than 79 million foreign tourists visited the United States in 2019; these countries were the top sources of visitors from overseas. … Read More
As hundreds of companies race to develop vaccines and drug therapies that could help end the COVID-19 pandemic, news reports on successful or failed trials affect individual stock prices and can trigger swings … Read More
View the latest market summary here: … Read More
