Monthly Tips
November 2023
TIP 1 The World’s Oldest Dog
The dog that held the Guinness world record for being the world’s oldest passed away last month. The dog was 31 years and 165 days old, which more than doubled the average lifespan for that breed of 10-14 years. According to some calculations, that would be over 150 in human years! Good thing the dog didn’t have to worry about its retirement money running out, because it had a loving and surviving caretaker.
If you are interested in how the Guinness book of world records got started and some other interesting records, read our St. Patrick’s day blog post from a few years ago. If you want to make sure your money doesn’t run out in retirement, let us know. We’d be pleased to do a retirement overview for you to help add perspective and help you make informed decisions.
https://gstrustco.com/solutions-services/boomers-beyond/
TIP 2 Veterans Day
The world seems to be on more precarious footing every day. The values our veterans fought for and our military continues to fight for are critically important. As we reflect on their sacrifices, we can ask ourselves about how we can contribute as well. One way might be to contribute to a charity that supports veterans, such as the VFW. Another way might be to share a story from a loved one, or even an associate’s story, as we did last year on our blog here.
This year we’d like to share another veteran’s story, that of Chuck Feeney, who passed away last month. Although we don’t have a personal connection to him, his deeds are remarkable and inspiring, and worth reflecting upon. Please read more in our blogpost: Chuck Feeney: Turning Selling Luxuries Into a Lifetime of Giving
https://gstrustco.com/about-us/message-from-our-founder/
TIP 3 Thanksgiving
Years ago, we suggested that some may want to experience the turkeys closer to what was eaten a couple hundred years ago for Thanksgiving rather than the broad breasted white turkeys everyone has come to love in current times. Such birds can be in short supply, and often must be ordered months in advance, which may have given rise to the term “Heirloom” turkeys used in some grocery stores. While these birds may be of high quality, the term “heirloom” has generally been used with plants rather than livestock, and it is not regulated the same way as the term Heritage for turkeys.
Terms and definitions can be important when it comes to cooking ingredients, but even more so when it comes to wealth management. You should know what regulations are governing your wealth manager. Trust officers are fiduciaries, and as such are held to the highest standards of regulation and putting their clients’ interests first. We’d be pleased to share more information on the pros and cons of different types of fee-structures when it comes to wealth management.
At Garden State Trust Company, we are thankful to be able to boast about being held to the highest standard of financial regulation, and meeting our goals for our clients, employees, and communities. We look forward to another year of service. Happy Thanksgiving!
https://www.gstrustco.com/assets/Embracing-Your-Goals-Together.pdf
TIP 4 The Introduction Before the Referral
It’s time for Halloween.
Most people think of a referral as giving the name of a provider to someone who needs their product. That is, in fact, what most referrals are. However, a referral can also be an introduction to a provider to someone that may need that product or service in the future.
If you can think of someone that might benefit from Garden State Trust Companies’ services, but are thinking to wait until they actually need that service to make the referral, consider this. If you make the referral now, we can put all the leg work together so nothing is rushed when we need to spring into action.
We’d be pleased to meet people and get into their contact book, so we can be ready when that need arises. Even if we’re not introduced formally, an introduction to us though our content and stories could make the eventual conversation easier. For example – share our client newsletter with someone.