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The Caldwell Trust Company Blog

Six Things You May Not Know About Annuities

Posted by Sheryl Vieira

A diverse retirement portfolio is comprised of a variety of investment options, like 401(k), Roth IRA, real estate, cash savings, and more. Many people rely on their annuity as part of their retirement strategy but they may not know all the ins-and-outs.

Annuities were designed to be a reliable means of securing a steady cash flow during retirement years and to alleviate the risk of outliving one’s assets. While they may seem like solid investments, there are some things that may have you questioning them further. Here are six things you may not know about your annuities.

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Topics: Investments

Market Snapshot: Merger Mania Continues

Posted by Caldwell Trust

In a deal that would create the world’s fifth largest food company, Kraft Foods and Heinz will merge with the backing from its owners 3G Capital  and Uncle Warren’s Berkshire Hathaway. The price represents a healthy 27% premium to Tuesday’s close.  This transaction is a positive sign.  We will be voting for it on behalf of clients.  To us at Caldwell Trust, this signifies that the animal spirts are alive and well in the global economy, with plenty of cash on company's balance sheets earning paltry returns, the hunt for value and returns above cash rates continues.

 

 

 

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Topics: Investments

What Your Family Needs to Know About Your Timeshare

Posted by Caldwell Trust

Do you have a timeshare in Maui, in Laguna Beach, and then one in Maine for the summer months? Maybe you don’t have all three, but many of our clients have places that they’re able to use once or twice a year to get away and relax. It’s a fun vacation, and it’s something to look forward to each year.

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Topics: Trusts & Estate Planning

The Responsibilities of a Fiduciary

Posted by Sheryl Vieira

A fiduciary is an individual or company that is given the legal duty and capacity to act on the behalf of another for matters requiring a high level of trust and accountability. Investment advisors, as well as trust companies can serve as fiduciaries once they are registered with the Securities and Exchange Commission (SEC).

The SEC holds registered advisers to a higher standard of practice in comparison to brokers who are regulated by the Financial Industry Regulatory Authority (FINRA). SEC-registered advisers must comply with the SEC’s “custody rule” as it was put into effect to protect investors from the possibility of theft or misuse of their assets.

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Topics: Investments, Trusts & Estate Planning

Who Gets Custody Of My Assets?

Posted by Scott Antritt

Appointing an investment adviser or a trust company to administer your trust and provide asset management is a decision that is based on several considerations. Not only is the adviser and company’s reputation for excellent service a key factor but you want to rest assured that your assets are properly accounted for and will remain safe under custodial care.

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Topics: Trusts & Estate Planning

How Much is Enough to Leave for your children – the Bucket Theory

Posted by Caldwell Trust

One of the most frequently asked questions by my clients as we discuss their planning, is “How much money should we leave to our children?” Most parents want to make sure that their children or grandchildren are protected from the many uncertainties of life, but many have witnessed that leaving too much money outright or easily accessible to children can actually create bigger problems for them.  A good question to ask might be “Will the date of my death be the date of my children’s retirement?”  Is this something that you would really want?  In talking through the different stages of your children’s and grandchildren’s lives, I like to use what I call the Bucket Theory.

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Topics: Trusts & Estate Planning

Your Local Sarasota Trust Company

Posted by Sheryl Vieira

The Caldwell Trust Company Operations Department handles an array of backroom tasks, including stock/bond/mutual fund trading, cash management, asset management, paying client bills and handling account receivables…just to name a few.  Our operations department is extremely self sufficient, in that the majority of items are done through direct working relationships with our local banks, brokers and depository companies such as the Depository Trust Clearing Company (DTCC).  We have found that many companies outsource these operational tasks to big house clearing companies, which restricts the control on client assets by custodians.  We believe that by maintaining these direct working relationships, we are better able to serve our clients through Personal, Traditional and Independent means! (In photo from left to right: Ashley R. Harrison, Assistant Vice President Opeartions, Bethany N. Brandt, Operations Associate, and Linda Bair, Operations Associate and Mutual Fund Specialist.

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Topics: Corporate

Liable for Your Company's 401k Plan and You Don't Even Know It?

Posted by Tony Blasini, CPC, QPA

A 401k plan is a tax-qualified, defined contribution pension plan. For every qualified 401k plan, a fiduciary(s) must be named and requires strict compliance in keeping order to maintain status.
 
As an employer or corporate officer that provides a 401k plan, you may be the named “fiduciary” and not even realize what you could be personally liable for as most employers assume that by delegating certain responsibilities to third party administrators or custodians such as insurance companies that you have insulated yourself from any liability. This is far from reality. Let us explain.
 
If you are named in the plan document as the fiduciary (trustee and/or plan administrator), the bull’s eye is on you. If an employee or former employee decides to sue the company and its named fiduciaries, you are a potential defendant in the case. There are a number of reasons why employees may sue their employer but two most popular reasons are the type of investments and the associated fees.

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Topics: Retirement Plan Services

 


 

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