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Washington Trust Wealth Management Blog


Timely advice & commentary about investing, taxes, financial planning and more.

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By Washington Trust / April 21, 2021
With the arrival of Spring, the U.S. economy appears to be well on the way to a full recovery. Economic growth, a very respectable 4.3% in Q4 2020, is poised to accelerate sharply in the coming quarters on the back of rising consumer spending boosted by stimulus payments. We estimate quarterly GDP growth on an annualized basis could reach the low double digits by mid-year, while full year 2021 growth could well exceed 7%, the strongest growth since the early 1980s.

By Washington Trust / April 21, 2021
Everywhere there are signs of Spring, from buds appearing overnight on trees to birds chirping. Spring is when we clean, straighten, and organize our houses. And it’s also a great time for some financial spring cleaning to make sure your financial situation is in order and your information safe and secure from theft or fraud. This is especially relevant as we re-enter a more “normal” environment and begin to venture out to stores, dine out, and travel. Fortunately, some basic steps can help you get organized and safeguard your finances.

By Washington Trust / February 10, 2021
Caregivers and loved ones of individuals on the spectrum often find it difficult to plan for their future. Many function as de facto DIY caregiver, and have to be hyper-focused on the immediate present, dealing with day-to-day issues and trying to avoid or handle crises and flare-ups. It also can be difficult to predict what might be necessary for the future, since the impact of ASD can change over time, and the range of needs and challenges vary widely.

By Washington Trust / January 20, 2021
2020 is now, thankfully, history. While the human toll from COVID-19 has been staggering, the economic damage has not been as great as initially feared. The Federal Reserve now forecasts that full year 2020 GDP will have declined by 2.4% from 2019 , less than the drop in 2008 during the Great Recession.

By Washington Trust / January 20, 2021
Though vaccines have been approved and are being distributed, the pandemic seems far from over. Legislation signed into law on New Year’s Eve included some COVID-19 related provisions. But despite the fact that the pandemic is not over, most of the pandemic-related tax provisions that benefited our clients last year have ended.

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By Washington Trust / January 7, 2021
Democrats will control the White House, U.S. Senate and House of Representatives for at least the next two years following victories in Georgia’s Senate runoff elections. Although the Democratic majority is thin, a substantial portion of President-Elect Biden’s and the Democratic Party’s political agenda has the potential for implementation. On balance, we expect a positive near-term impact to U.S. economic growth.

By Washington Trust / December 10, 2020
As we approach the end of the year, it's a great time to do a financial check-up and review your investment portfolio while there is still time to make adjustments, if needed. It is important that you have strategies in place to plan for your investments, retirement and tax impact to avoid any tax bill surprises, penalties or liabilities. Now is a great time to evaluate your own financial situation to see if there are adjustments you can make to improve your financial standing.

By Washington Trust / November 9, 2020
It was not unexpected to have the final results of the Presidential Election delayed until sometime following election day; however, this was not necessarily the case with the U.S. Senate. As of this morning, it appears Senate control will remain with Republicans, but we will not know until the run-off election for the two Senate seats in Georgia, which will occur in early January. Democratic control would increase the chances of more significant policy changes out of Washington. It appears post-election financial market performance to this point might have been incorporating a status-quo, divided government type scenario; therefore, election results may continue to present a risk factor for the financial markets through early 2021.

By Washington Trust / November 3, 2020
Caring for someone on the autism spectrum can be a significant challenge, one which most of us are not equipped to handle alone. This webinar will help you gain a better understanding of how a special needs trust can help support loved ones/clients on the spectrum throughout their entire life.

By Washington Trust / October 27, 2020
At the risk of sounding somewhat cliché, one of the most important election days in our country’s history is quickly approaching. While still a week away to the election, approximately 66.8 million votes have already been cast through the mail and early in-person voting, representing 48% of the total votes counted in the 2016 election.

The opinions expressed in this blog are those of the author and may not reflect those of Washington Trust Wealth Management. The information in this report has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Any opinions expressed herein are subject to change at any time without notice. Any person relying upon this information shall be solely responsible for the consequences of such reliance. Performance is historical and does not guarantee future results.

Such information does not constitute legal or professional advice as all situations are unique and are based on individual facts and circumstances.

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