Market Month: July 2022
July saw the stock market ebb and flow throughout the month. Sometimes the market reacted in response to news of some sort. Other... Read More
TrustBank at CLE By the Sea
TrustBank in San Diego for CLE by the Sea... Read More
Dividends for Income and Total Returns
John D. Rockefeller, one of the wealthiest Americans in history, loved receiving stock dividends. "Do you know the only thing... Read More
Paying for College: Pieces of the Funding Puzzle
The typical family uses a combination of income, savings, borrowing, and grants/scholarships to pay for college. Not surprisingly, the largest source of funding — 45% — comes from parents in the form of current income and savings.... Read More
Rising Interest Rates
After dropping the benchmark federal funds rate to a range of 0%–0.25% early in the pandemic, the Federal Open Market Committee (FOMC) of the Federal Reserve has begun raising the rate aggressively in response to high inflation.... Read More
Now Might Be a Good Time for a Roth Conversion
One silver lining in the current bear market is that this could be a good time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax in the year of conversion, which might be a substantial tax bill. However, if assets in your traditional IRA have lost value, you will pay taxes on a lower asset base when you convert. If all conditions are met, the Roth account will incur no further income tax liability for you or your designated beneficiaries, no matter how much growth the account experiences.... Read More
Global Finance: Kicking Russia Out of SWIFT
Over the past days, the United States and other countries have imposed various sanctions on Russia for its invasion of Ukraine.... Read More
Where Are the Workers?
The labor force participation rate — the percentage of Americans age 16 and older who are working or actively looking for work —... Read More
Going Green: A Fast-Growing Corner of the Global Bond Market
Green bonds are debt instruments that corporations and governments can use exclusively to finance major climate-related or eco-fri... Read More
Lifting Up Literacy in Our Community
TrustBank is proud to be the premier sponsor of the Literary Society of the Southwest, supporting literacy projects in Arizona.... Read More
Wine & Chocolate Featuring The Perfect Place
Many thanks to everyone who joined us in April for Wine & Chocolate at Ocotillo! While sipping on wine and enjoying a sweet... Read More
Federal Student Loan Repayment Postponed for Sixth Time
On April 6, the U.S. Department of Education announced a record sixth extension for federal student loan repayment, interest, and... Read More
Working While Receiving Social Security Benefits
The COVID-19 recession and the continuing pandemic pushed many older workers into retirement earlier than they had anticipated. A... Read More
Planning to Quit Your Job? What to Know Before You Go
About 4.3 million U.S. workers quit their jobs voluntarily in December 2021, after a record 4.5 million quit in November — the... Read More
Three Decades of College Cost Increases
Over the past 30 years, the cost of college tuition, fees, room, and board has increased 85% at private colleges and 111% at... Read More
Baseball Lessons That Might Help Change Up Your Finances
Baseball stadiums are filled with optimists. Fans start each new season with the hope that even if last year ended badly, this... Read More
Splurge or Save? Making the Most of Your Income Tax Refund
The IRS issued more than 128 million income tax refunds for the 2020 filing season, putting $355.3 billion into the hands of U.S.... Read More
Quarterly Market Review: January-March 2022
Wall Street dealt with several major issues in the first quarter of 2022. Investors had to evaluate the impact of rising... Read More
Driving the Bottom Line for the Diaper Bank of Central Arizona
Congratulations to the Diaper Bank of Central Arizona on a fun and successful fundraising event at TopGolf Scottsdale. The... Read More
When Buying Is Easy, Paying Later Can Be a Problem
If you shop online, you might have noticed a growing number of buy now, pay later (BNPL) services that offer the option to spread... Read More
