Banking & Financial Education Blog

Market Month: November 2018

The Markets (as of market close November 30, 2018)

November proved to be a very volatile month for stocks. By the third week of the month, the benchmark indexes listed here had given back just about all of the gains accumulated during the year. However, a spurt during the last week of November helped push … Read More ›

IRS Addresses Changes to the Estate Tax Exclusion Amount

Background: The basic exclusion amount is an amount an individual can transfer, during life or at death, free of federal gift and estate tax. The Tax Cuts and Jobs Act doubled the basic exclusion amount (before taking into account inflation adjustments) from $5 million in 2017 to $10 million for 2018 to 2025. After 2025, … Read More ›

Should I consider requesting a deferment or forbearance for my federal student loans?

Did you take on a large amount of debt to pay for college, and are you struggling to pay it off? If so, you are not alone. According to the Federal Reserve, 20% of individuals with outstanding student loans were behind on their payments in 2017.1 You may want to consider requesting a deferment or … Read More ›

Reviewing Your Estate Plan

An estate plan is a map that explains how you want your personal and financial affairs to be handled in the event of your incapacity or death. Due to its importance and because circumstances change over time, you should periodically review your estate plan and update it as needed.

When should you review your estate … Read More ›

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