I am always receiving e-mails soliciting my attendance at seminars on a myriad of topics related to the financial services industry. In early May, one solicitation really piqued my interest, not because I was going to attend, but rather it was the subject matter I found interesting, How Offering “High Touch” Bill Pay Services Can…
Category: Blog
“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…
Revocable. Living. Trust.
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…
Taxation and Residence
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…
Leveraging Reputation: Not Just for Athletes Anymore
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…
The Keystone State
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…