Most parents dread having “the talk” with their kids. The talk generally refers to the birds and the bees, but there are other subjects parents might shy away from, such as the existence of Santa Claus (yes, Virginia, he’s real) or finances.
Year after year, Florida’s population continues to grow. Many people moving to the Sunshine State are retirees relocating for the reason behind the state’s nickname: There are over 230 days of sunshine a year, and even in the coldest months, the average daily temperature is 70 degrees or higher. The temperature rarely gets below 50 degrees.
The equity markets ended the year with strong performance despite the uncertainty about the new variant of COVID and the Federal Reserve’s announcement about tapering bond purchases and raising interest rates. Omicron is spreading quickly, but the mutation seems less severe and has a significantly lower mortality rate. As viruses mutate, they generally weaken, and the equity market is anticipating that corporate revenues and earnings will not be impaired by government-imposed lockdowns.
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.
Companies of all sizes are being targeted by criminals through business email compromise scams. In these scams, cybercriminals gain access to an employee’s legitimate business email through social engineering or computer intrusion. The criminal then impersonates the employee often a senior executive or someone who can authorize payments and instructs others to transfer funds on their behalf. According to the FBI’s Internet Crime Complaint Center, over $10 billion has been lost by victims in the U.S. due to these scams.
What are you looking for in a bank? We’re willing to bet it’s not long lines, advisors who tell you what to do without listening to your needs, or lengthy call menus to navigate when you need help. The Crews Family of Banks have been around long enough to know what you want in a community bank, and we’re committed to providing that personalized service to each of our clients.
The better-than-expected third-quarter corporate earnings reports were evidence of a broad-based economic recovery causing investor psychology to improve and funds to flow from bonds into stocks. This has since reversed as the uncertainty of the spread and severity of COVID mutation Omicron remains unknown. The concern is that the supply chain of parts and goods produced in emerging markets may slow and deter global economic growth.
One of the most common misconceptions about trusts is that they’re only for individuals of high net worth with substantial estates. While it is true that anyone with significant wealth should consider a trust, those of more modest means can benefit from asset protection and other features offered with a trust.
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