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    Managing your Wealth (5)

    How to Be Financially Responsible with Your Income Tax Return

    on December 20, 2021 | By Crews Bank & Trust Team
    Getting a tax return mailed or transferred directly into your account is exciting. And although it’s easy to let that excitement lead you to thinking about which fun items you'd like to buy and trips you want to take, a tax return can put you in a better financial position for the future if used responsibly.
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    Managing your Wealth (5)

    When Should Parents Start Saving for College?

    on November 24, 2021 | By Crews Bank & Trust Team
    Next to buying a home, a college education is the largest expenditure most parents will ever make. The key is advance planning. The more money you save now, the less money you or your child will need to borrow later. It is important to begin saving as early as possible so you can earn interest, dividends, and/or capital gains on as much money as possible.
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    Managing your Wealth (5)

    Take a Strategic Approach to Your Retirement Planning Today

    on November 17, 2021 | By Crews Bank & Trust Team
    Thinking about retirement? The average retirement age in the United States, according to U.S. Census Bureau data, is 63 for women and 65 for men. While you may not actually retire until your late 60s or 70s, you should start thinking about it as soon as you start working. Some experts suggest you start saving in your 20s, when you begin earning paychecks, because the sooner you begin saving, the more time your money has to grow.
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    Managing your Wealth (5)

    The Best-Performing Sectors Were Energy, Financial, Healthcare, and Materials

    The S&P 500 Index gained 8.1% for the second quarter and 14.4% year-to-date despite concerns over Federal Reserve policy, fiscal spending and the spreading delta variant of COVID. Most investors see an improving economy with continued low interest rates being positive for corporate earnings.
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    Managing your Wealth (5)

    Cryptocurrency Becoming Less Cryptic

    The creation of cryptocurrencies or digital currencies such as Bitcoin has bankers, financiers and governments pondering the long-term potential economic and political ramifications for the future. While the increasing use of digital currencies demonstrates the power of a secure, secretive payment transfer system, it also has created a loophole from government control.
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    Managing your Wealth (5)

    Initial Market in President Biden's First Days

    The S&P 500 Index was down 1% in January based on investors’ revised expectations of corporate revenue growth and earnings. First, the COVID-19 vaccine distribution and inoculation process is proceeding slowly while the virus is mutating. The new strains appear to be slightly more virulent and the vaccination timeline will take longer and delay economic normalization.
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    Managing your Wealth (5)

    Market showing resiliency in some sectors

    Despite the concerns about strained relations with China, increased COVID infections, social protests, weaker earnings, high U.S. unemployment and the November election, the S&P 500 Index is up 1% for the year while the Nasdaq Index is up 19.7%. The increasing spread of the virus is suppressing a healthy economic recovery as consumers and businesses remain conservative in their spending.
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    Managing your Wealth (5)

    Highlighting Highlighters

    I normally do not make a practice of working from home, but with safe distancing and travel limitations sparked by the pandemic, staying home was something many were following. After setting up my home office and starting some projects, I reached for my yellow highlighter, then laughed because I didn’t have one at home, then resorted to using Post-it Notes.
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    Managing your Wealth (5)

    Happy (SECURE Act) 2020!

    on January 16, 2020 | By Crews Bank & Trust Team
    The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, is so new that estate planners and accountants are still learning ways to plan around it to minimize the impact on existing and future clients. Following are some items to ponder as you review your estate plans through the year.
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