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
The Markets (as of market close May 29, 2020) May saw several states and foreign countries ease restrictions put in place in response to the COVID-19 pandemic. As economies slowly picked up momentum, investors grew … Read More
Please join us in welcoming Jena Lugo, CTFA, Trust Officer to the TrustBank team of partners! Q: Why did you decide to join TrustBank? A: I was attracted to the highly … Read More
Student Debt: It's Not Just for Young Adults Recent college graduates aren't the only ones carrying student loan debt. A significant number of older Americans have student debt, too. … Read More
Federal, state, and local governments have extended a number of deadlines amid the coronavirus pandemic. Here are just a few of the deadlines that have been affected. Federal and state income taxes The … Read More
The Markets (as of market close April 30, 2020) April began on a sour note for stocks as each of the indexes listed here lost value. Economic reports reflected the negative impact of the COVID-19 … Read More
Fraudsters and scam artists are always looking for new ways to prey on consumers. Now they are using the same tactics to take advantage of consumers' heightened financial and health concerns over the … Read More
State Population: Winners and Losers Forty states and the District of Columbia gained population in 2019, while 10 states lost population. … Read More
In a volatile market, it's easy to allow your emotions to influence your investment decisions. But if you can keep your cool while those around you are losing theirs, you may be … Read More
On March 11, the novel coronavirus (COVID-19) was officially declared a global pandemic by the World Health Organization, and two days later President Trump declared a national emergency.1 The unknowns surrounding a new virus … Read More
Continuing to Invest May Help You Stay on Course In the current market environment, the value of your holdings may be fluctuating widely — and it's natural to feel tentative about further … Read More
The Markets (first quarter through March 31, 2020) The world's economies and stock markets have been rocked by the spread of COVID-19. Investors' fears prompted a major sell-off in February and March, plunging stocks … Read More
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic … Read More
