Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act late in December, significantly changing the rules for IRAs. Among the changes in the bill is an increase in the IRA Required Minimum Distribution Age. Under the old rules, an owner of an IRA […]
A Revocable Living Trust is a trust designed to provide for yourself and others. You fund a trust with your assets and establish for whom the trust will provide, to what extent, and for how long. But what exactly is a revocable living trust and how do they work? To better understand a revocable living trust […]
Over the years, you’ve probably collected a lot of “stuff”, right? But do you know what you have? Where it’s all located? What’s important? What’s not important? How long do you need to keep it? Use the following as a guideline to help you get and keep your important information personal and family records […]
Are you planning on including financial goals in your New Year’s resolutions? Here are some ideas if you don’t have any yet. Monitor your cash flow; calculate your net worth; budget; save and invest. Also, keep in mind how you can pass good saving and financial skills to your family members […]
The US government is doing something positive for retirement investors. The Department of Labor is putting out a new rule for financial advisors who provide investment advice on retirement investments: they have to act in the best financial interest of the client and they have to disclose any conflicts they may have. This is called […]
In a recent article in Sunday’s real estate section of the Chicago Tribune, columnist Kenneth R. Harney called attention to a scam hitting the real estate world.
The new scam involves predators hacking into the real estate agent’s email, then following the email exchange, waiting for just the right moment to hijack the conversation. The hacker, making his or […]
In 2004, Grace Evangelical Covenant Church transformed their parsonage into much needed office space. Nina Larson, a member of their congregation, left a charitable gift to the church through her estate when she passed, and Grace used that gift to fund the renovation of the parsonage. Today, the office is lovingly known as the Nina […]
Lavern Holdeman, our Financial Services Representative for the ECC’s Midwest and Midsouth conferences, retired at the end of January after working for over 50 years — eight of those with Covenant Trust Company.
In our latest podcast, Lavern talks about his journey from lawyer to FSR, discusses how retirement planning has changed in the last 50 years, […]
As a new year gets underway, our investment team takes the time to sit down with our investment consultant. We take a good, in-depth look at the current economic and investment data, looking at the US and around the globe. We look at what is going on in the world politically and what steps other […]