Dear Garden State Trust Company: How much money must I have in order to be able to retire? Is $1 million enough?—Peak Earning Years Dear Peak: The better question is: How much income will you need during your retirement? If you will have a pension and Social Security checks coming in, $1 million might easily be…
Month: May 2016
The “new” fiduciary rule
Ever since the meltdown of the financial services industry in 2008, there has been concern about the standards to which investment advisors should be held. The longstanding rule has been one of suitability; that is, the recommended investment must be suitable for the customer. That sounds perfectly reasonable. However, one element of the new legislation…
The eternal optimist
The annual meeting for the shareholders of Berkshire Hathaway has achieved something akin to cult status. In 2014 some 44,000 shareholders descended upon Omaha to hear the wisdom of Warren Buffett and Charlie Munger, the firm’s leaders. An estimated 40,000 were on hand on April 30, 2016, to get the latest information and browse the convention…
Another celebrity may have died without a will
According to early reports, music superstar Prince died without a will. Just days after his funeral, his sister Tyka Nelson petitioned the probate court to appoint a special administrator for the estate, stating that she believed that there was no will or other testamentary document. If there is, in fact, no will, the heirs will…
Siobhan Connolly represents GSTC at 1st Annual Brain Health Fair
Vice President and Trust Officer, Siobhan Connolly represented Garden State Trust Company as a sponsor of the 1st Annual Brain Health Fair. Social Community Activities Network (SCAN) and Meals on Wheels hosted the event to promote brain health through fun interactive activities.