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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…

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.…