Hot Topics

  • The Fed Pivots to Fight Inflation

    On December 15, 2021, the Federal Open Market Committee (FOMC) of the Federal Reserve System made a significant shift in monetary policy in response to rising inflation. The Committee accelerated the reduction of its bond-buying … Read More

  • What Will You Pay for Medicare in 2022?

    Medicare premiums, deductibles, and coinsurance amounts change annually. Here's a look at some of the costs that will apply in 2022 if you're enrolled in Original Medicare Part A and Part B. … Read More

  • Retirement Plan Limits on the Rise in 2022

    Many IRA and retirement plan limits are indexed for inflation each year. Although the amount you can contribute to IRAs remains the same in 2022, other key numbers will increase, including how much you … Read More

  • The Health/Wealth Conundrum

    For those who are healthy, the odds are in favor of a long retirement. And because women live longer than men, on average, they may face higher lifetime health care costs and greater … Read More

  • Big Boost for Social Security Payments

    The Social Security cost-of-living adjustment (COLA) for 2022 is 5.9%, the largest increase since 1983. The COLA applies to December 2021 benefits, payable in January 2022. The amount is based on the increase in the Consumer Price Index … Read More

  • How to Correct an Error on Your Credit Report

    According to the Consumer Financial Protection Bureau (CFPB), credit report errors more than doubled during the coronavirus pandemic. In addition, the CFPB found that many pandemic protections which were designed to help consumers, … Read More

  • Annual Market Review 2021

    Overview The year 2021 was one of extreme change. January saw the inauguration of President Joe Biden, but not before protesters sieged the United States Capitol. Despite the initial tumult, the year began with … Read More

  • Two Decades of Inflation

    After being largely dormant for the last decade, inflation roared back in 2021 due to various factors related to the pandemic and economic recovery. For perspective, it may be helpful to look at inflation … Read More

  • Charitable Giving Can Be a Family Affair

    As families grow in size and overall wealth, a desire to "give back" often becomes a priority. Cultivating philanthropic values can help foster responsibility and a sense of purpose among both young and … Read More

  • 2021 Year-End Tax Tips

    Here are some things to consider as you weigh potential tax moves between now and the end of the year Here are some things to consider as you weigh potential tax moves between … Read More

  • Market Month: November 2021

    The Markets (as of market close November 30, 2021) Stocks ended November generally lower, with only the Nasdaq able to eke out a gain. The Global Dow and the Russell 2000 each lost more than 4.25%. The … Read More

  • A Salute to Marie Fotino

    TrustBank’s long time valued employee, Marie Fotino, experienced her retirement party in style! Friends, clients, and employees watched with awe, as Marie’s caricature was drawn by artist Gary Drysdale. … Read More

  • TrustBank Supports Neighbors Who Care

    TrustBank’s commitment to giving back and supporting the communities that we serve has provided 100 $25.00 gift cards to Seniors in Sun Lakes to make their holiday brighter. Neighbors Who Care offers the … Read More