Americans are some of the most generous people in the world. Although one might have expected charitable giving to have decreased in uncertain times during a global pandemic, Americans donated a record $471 billion dollars to charity in 2020, according to a recent report in Giving USA. One wealth management strategy for a substantial gift…
Author: gstc

Social Security Basics
Social Security may be about to experience one of its largest increases for cost of living since the 1980s, due to the recent increases in inflation. Some estimates show an increase as high as 6%, and the actual numbers will be released later in October. Although Social Security is for all workers, it is complicated.…

Incentive Trusts
A recently proposed bill in California is geared toward helping people stay sober by providing financial incentives to so. Although it might seem as though financial incentives would not be substantial enough to change behavior in terms of healthcare, we recently saw that incentives increased the likelihood of people getting a vaccine when they were…

Having the "Money Talk"
For many of us, the first time we talk about money with our kids (aka “ the money talk”) is when they are younger and we explain the benefits of saving some of their allowance. As they get older, we talk about the danger of credit card debt and understanding the value of delayed gratification…

Inflation Worries Keeping You Awake?
According to a recent Harvard CAPS/Harris poll, reported at thehill.com, 85% of respondents are concerned about inflation, and 45% are very concerned. Beyond polling data, we can tell from looking at Google trend graphs that searches for information on inflation more than doubled in May, and that keyword search continues to be above average. Google’s…

“Is Work an Obligation, or An Option I Choose?”
According to Pew Research, there was a big increase in baby boomer retirements last year, 1.2 million over the historical average! Although there are no reasons cited for the increase, it’s likely that many of those who had been holding off decided to go ahead with retirement when the work dynamics they enjoyed and were…

Myths About NFTs
When Beeple’s artwork sold last month for a record-breaking $69.3 million, one may have thought that NFTs have gone mainstream. When Saturday Night Live aired a spoof of the NFT market last month, one may have thought that NFTs have gone mainstream. When Rolling Stone Magazine published an article with the headline “Music NFTs Have…