Once again, we had a busy and successful summer at Greenleaf Trust. As I reflect on summer, here are some of my highlights.

If I had to describe the third quarter of 2024 in one word, it would be “pivotal.” Not because the last three months were critically significant, but because I observed a lot of pivoting. Labor market? Pivoted. The Fed’s focus? Pivoted. Monetary Policy? Pivoted. Even the Democratic National Committee? You guessed it… pivoted.

For individuals and families who have accumulated significant wealth that may be subject to an estate tax at their passing, the decision on how and when to pass on the wealth may be difficult.

The most recent changes to qualified retirement plans were the Setting Every Community Up for Retirement Enhancement Acts, SECURE, for short.

As evidenced by recent disclosures by LinkedIn, Target, and Equifax, the frequency of data breaches has skyrocketed in recent years. In 2023 alone, data compromises surged by 78% compared to 2022, increasing from 1,801 to 3,205 reported incidents.

Five years ago, we heard from our clients that they wanted a more robust online client portal. So, we did what we do whenever our clients speak.

August was not for the faint of heart. Starting with a weaker-than-expected jobs report and exacerbated by the collapse of the yen carry trade, the S&P 500 fell 6.5% in the first three trading days of the month.

Ensuring that all assets are properly accounted for, and the necessary steps are taken to protect the financial well-being of heirs is crucial.

Typically, life insurance is purchased to provide financial protection and peace of mind for policyholders and their family members. Here are several alternatives for how to maximize the value of a life insurance policy you may no longer need.

Payroll administration plays a critical role when an employer offers a retirement plan, and understanding the plan document provisions is important to avoid operational failures.

The clients approached after dinner to say how much they appreciated the members of their client centric team. Their appreciation came from their team at Greenleaf Trust doing something for them that was totally unexpected.

Financial markets took the headlines in stride. While there were some setbacks.

A majority of Americans do not regularly talk about money. If money makes the world go round, why is it so uncomfortable for some of us to talk about?

When it comes to retirement there are things that we can fully control, things that we can somewhat control and then there are those things over which we have absolutely no control.

SECURE Act 2.0 represents a significant step forward in enhancing the flexibility and security of retirement savings.

Greenleaf Trust is pleased to announce the addition of Christy Dewey, Adam Mangiapane and Zach Reed.

I am proud that Greenleaf Trust is structured to remain a privately held, trust-only bank in perpetuity. This eliminates the possibility of an acquisition or merger.

The first half of 2024 continued the positive momentum seen in 2023 across financial markets. The likelihood of a recession has diminished compared to a year ago.

It is not surprising the number of individuals who want to be buried in their grave with particular items that have emotional, sentimental, and sometimes even intrinsic value.

Every person coming into retirement has struggled with the shift in mindset from work income to income from retirement assets.

Here are eight things you can do now that take only minutes but can save hours of work and frustration for your loved ones in the future.

In the retirement plan world; size matters! A plan reports their number of participants on a required annual Form 5500 which is submitted to the U.S. Department of Labor (DOL). If the plan is “large,” it needs an audit.