Year: 2020

We may all be familiar with the idea of paid endorsements by athletes, thinking of Michael Jordan’s 1984 deal with Nike to create Air Jordans, but he’s certainly not the only celebrity that has been paid a substantial sum to get behind Nike product. In recent years, Nike has made a 5-year, 100-million-dollar endorsement deal…

Garden State Trust Company has been granted permission to provide our services to Pennsylvanians, and we are excited about the prospect. Although Pennsylvania has many nicknames, the most well-known may be as the Keystone State. A keystone (or capstone) is the part of an arch that is needed to keep the other stones from falling…

Looking to create additional tax revenue to offset the losses from the pandemic and provide additional relief, New Jersey has opted to implement a “Millionaire’s Tax”. Does the millionaire’s tax affect all millionaires? New Jersey has a lot of millionaires, with some estimates showing over 250,000 households with over a million dollars in investable assets.…

One of the recent changes in approaching retirement has been a shift from a complete exit of the labor force to a partial one. Retiring for many may mean the freedom to work only the amount of time they want, and for work to become an optional part of their lives. This may be because…

When the Tax Cuts and Jobs Act of 2017 was passed, one of the benefits for wealthier families was the doubling of the federal gift and estate tax exemption. With inflation adjustments, it’s currently $11.58 million per individual, which means a married couple could transfer over $23 million without incurring a federal gift tax in…

We all have a renewed sense of just how fragile we are, and are evaluating the steps we can take to reduce that fragility. In terms of family financial security, one could consider: More insurance (life, long-term care, or disability insurance); More savings in tax-preferred retirement accounts to protect against running out money. Portfolio changes…

The adage “absence makes the heart grow fonder” doesn’t just apply to people. During the pandemic crisis we’ve all had to forego many routine experiences that we may have taken for granted, not have realizing how much we’d miss them when they are gone. People are anxious to see movies on the big screen again,…