Author: gstc

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…

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…

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…

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…

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…

Garden State Trust Company provides investment management services.  These may be delivered through an investment management account (IMA), or through administration of a revocable living trust, which might be thought of as IMA+. Let’s unpack the name of this service. Revocable means that this account is not permanent, it may be altered or cancelled at…

States are facing the issue of how to manage spending given declining tax revenue due to the pandemic, so they are taking another look at the taxation of residents and non-residents. How does a state tax a nonresident on income? For the majority of states, nonresident income tax applies only to those wages that are…