First reported on February 8, 2018. Market activity in recent days has been much more volatile than anything we have experienced over the past year. This current period reminds us of the old Wall Street adage “markets take the stairs up and the elevator down.” FineMark’s investment group has been closely monitoring the markets and …
2017 Fourth Quarter Review and Commentary
FINE POINTS, The Quarterly Trust and Investment Publication of FineMark National Bank & Trust January 2018 | Volume 3 | Issue 1 Nearly across the board, 2017 was an excellent year for investors in all asset classes, particularly equities. It will be a tough act to follow. The 2017 upward move in equities was marked …
The New Tax Law: What You Need To Know
When the new Federal tax reform Bill was signed into law in late 2017, the entire landscape of American taxation changed. Knowing the nature and extent of these changes will allow you to work more effectively with your tax and wealth advisors. PERSONAL INCOME TAXATIONPerhaps most broad reaching is the change to the individual tax …
An Ounce of Prevention
Tax Changes Are Most Likely Coming – So What Can Be Done This Year To Minimize Taxes Next Year? Information updated 12-19-2017 The details of the Federal tax plan have been reconciled (herein referred to as the “reconciled tax bill”), so we know with a bit more certainty which tax changes are actually coming. The …
2018 Social Security and IRS Updates
SOCIAL SECURITY BENEFITS TO INCREASE BY 2% Social Security. The Social Security Administration has announced that monthly Social Security benefits will increase 2.0% in 2018. The 2.0% Cost of Living Adjustment is tied directly to the Department of Labor’s Consumer Price Index as determined each year by the Department of Labor’s Bureau of Statistics. The …
2017 Third Quarter Review and Commentary
FINE POINTS, The Quarterly Trust and Investment Publication of FineMark National Bank & Trust October 2017 | Volume 2 | Issue 4 The third quarter cruised along in much of the same fashion as 2017 has to date. Equity markets continued to make new highs in the US with the S&P up +4% in the …
Charitable Tax Deductions through IRA Distributions
Tax payers age 70 ½ or older who are required to take mandatory distributions (RMDs) from their IRAs, but do not need the additional income to meet living expenses, may exclude all or a portion of their RMD from gross income through a Qualified Charitable Distribution (QCD). Last year the Pension Protection Act of 2006 …
2017 Q2 Shareholder’s Letter
Read FineMark’s 2nd Quarter Shareholder’s Letter from the President, Joseph R. Catti. Dear Shareholder: On behalf of the Board of Directors, the executive management team, and all of the dedicated associates of FineMark National Bank & Trust, I am pleased to report on the bank’s performance for the second quarter ending June 30, 2017. SECOND …
2017 Second Quarter Review and Commentary
FINE POINTS, The Quarterly Trust and Investment Publication of FineMark National Bank & Trust July 2017 | Volume 2 | Issue 3 We stand at the mid-point of the year, shocked that it has gone by so quickly. There have been a number of surprises, but nothing terribly alarming apart from the very low level …
Electronic Wills
One of the more recent developments in estate planning is the concept of electronic wills. Instead of signing a hard copy document in ink, an electronic will allows the testator (a person who has written a will) and witnesses to sign it electronically and a notary to notarize it electronically. Currently Nevada is the only …
2017 Q1 Shareholder’s Letter
Read FineMark’s 1st Quarter Shareholder’s Letter from the President, Joseph R. Catti. Dear Shareholder: On behalf of the Board of Directors, the executive management team, and all of the dedicated associates of FineMark National Bank & Trust, I am pleased to report on the bank’s performance for the first quarter ending March 31, 2017. First …
Tips for Creating a Strong Password
Having a strong password is key to online account security. Given the damage that can result from unauthorized access your account information, it helps to pay attention to these simple rules. Don’t share your username or password with anyone, for any reason. Also don’t make it easy for others to see you entering your password …