Some Frequently Asked Questions
A lot people have an IRA or some other form of tax-deferred retirement account. As the owner doesn’t deplete the account(s) prior to their death, someone else will have to deal with the IRS’s rules regarding…
Written by: Alice B. Womack, Associate Managing Director, Private Banking There are a variety of ways to save for college and the single best way to save is dependent on your financial picture. Regardless of the…
Top-down and bottom-up investing show that even in investing there is more than one way to skin a cat. To put it simply top-down investing is going to start with a broader view of the market…
What is a trust? How do they work? Does a will supersede a trust or vise verse? A trust and a will are two separate legal entities which normally work in conjunction with one another in…
Written by: Michael Mims, Managing Director, Private banking The Prime Rate or Prime Lending Rate is generally accepted as the interest rate banks charge their best clients. Prime Lending Rate changes anytime the Federal Open Market…
Written by: Michael Mims, Managing Director, Private banking Cash Flow Planning is basically a strategic plan to review anticipated revenues / income and expenses / cash outflows over a defined period of time. Cash Flow Planning…
Debt is not a bad thing. In fact, it can actually be a good thing if managed properly. By ensuring that your debt is being proactively monitored you can better manage your taxes and ensure your…
Written by: Michael Mims, Managing Director, Private banking Banks are generally on the conservative end of the lending spectrum. Clients deposit funds into banks for safekeeping, to transact business, and earn a reasonable rate of interest…
The three major credit bureaus, Equifax, Experian and Transunion, use these 5 factors to compile a credit score which banks and creditors will use to determine your eligibility for various types of loan or credit…
I am not a CPA, and won’t pretend to know all of the various ins and outs of last year’s tax reform legislation. That doesn’t mean people don’t want to know about it, which they do.…