A new bill, that could become law later this year, may help Americans put more money away for retirement. FineMark Private Wealth Advisor, Dean Borland, shares some of the key highlights in Secure Act 2.0.
Benefits of Florida Domicile
Do you divide your time between Florida and another state? If so, it may be time to consider declaring Florida as your domicile (your “true, fixed permanent home”). Consider these benefits: Florida has no state income or inheritance/estate tax, has a real estate tax exemption of $50,000 annually, and offers Homestead Protection (some restrictions apply).
2021 Fourth Quarter Review & Commentary
If the markets have taught us anything over the past two years, it’s to expect the unexpected. While more of the same may be on the horizon, history can help investors anticipate what can’t be precisely predicted. Executive Vice President & Chief Investment Officer Chris Battifarano offers FineMark’s perspective on 2021 and shares how looking back at historical performance can provide insight into what lies ahead.
Highlights of New Florida Trust Acts from 2021
On July 1, 2021, two new acts affecting trusts were in enacted in Florida, the Florida Uniform Directed Trust Act and the Florida Community Property Trust Act. While both of these Acts are targeted in nature, they could provide an excellent planning opportunity for those with the right situation. Read the highlights of these new laws in this article.
2021 Q3 Shareholder’s Letter
DEAR VALUED SHAREHOLDERS: On behalf of FineMark Holdings, Inc.—the Board of Directors, the executive management team, and all our dedicated associates—I am pleased to report on the company’s performance for the third quarter of 2021. FineMark Holdings, Inc. (the “Holding Company”) (OTCQX: FNBT), the parent company of FineMark National Bank & Trust (the “Bank”) (collectively, …
Revisiting the Secure Act
Shortly before the onset of the coronavirus pandemic and the enactment of the CARES Act, the SECURE Act was signed into law. The SECURE Act created the most significant retirement plan changes in over a decade.
What is a QCD and How Does it Work?
If you are charitably inclined and you’re looking for a way to donate this year, you may want to consider a qualified charitable distribution. FineMark Trust Administrator, Grace Gutierrez explains how it’s a way to give and get a tax benefit in return. What is a qualified charitable distribution? A qualified charitable distribution (QCD) is …
2021 Second Quarter Review & Commentary
“We know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns- the ones we don’t know we don’t know.” -Donald Rumsfeld (1932-2021), Secretary of Defense under …
What about that IRA?
As we transition into the second half of the year, now is a good time to reflect on and review the wealth plan you have currently in place. When it comes to retirement planning, the SECURE Act that was passed in December 2019 established some wide-ranging changes to the treatment and handling of retirement accounts. …
2021 Q2 Shareholder’s Letter
DEAR VALUED SHAREHOLDERS: On behalf of FineMark Holdings, Inc.—the Board of Directors, the executive management team, and all our dedicated associates—I am pleased to report on the company’s performance for the second quarter of 2021. FineMark Holdings, Inc. (the “Holding Company”) (OTCQX: FNBT), the parent company of FineMark National Bank & Trust (the “Bank”) (collectively, …
FineMark Insights: The Value of Portfolio Rebalancing
When it comes to your investments, working with your advisor to create the strategy that is right for you is critical. But one of the best ways to achieve long term success, is a step many people miss. Chief Investment Officer Chris Battifarano explains the value of rebalancing your portfolio. Click here to watch the …
2020 Annual Report
Review our 2020 Annual Report and letter from our Chairman and CEO, Joseph R. Catti. During a very difficult year with COVID-19, our people once again went above and beyond. As a result, FineMark experienced a record year. For optimal viewing, please click on the full screen button below the flipbook.
