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Washington Trust Wealth Management Blog

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


Summer 2018 Perspectives and Planning: Economic Outlook
By Washington Trust / July 18, 2018
Read the summer 2018 update featuring perspectives on the market and economy and planning tips from Washington Trust Wealth Management.

By Washington Trust / July 18, 2018
Washington Trust announces the expansion of its Wealth Management team in Rhode Island and Massachusetts, with Kimberly McCarthy, Esq., Howard Cowan, CFP®, Daniel LeBeau, Eileen Straughn, and Suzanne Vargas, CTFA, joining the Rhode Island offices of Washington Trust Wealth Management and Nicholas Rossi, APMA®, CRPC®, joining the Wellesley, MA office of Washington Trust Wealth Management through Weston Financial Group.

Creating an End-of-Life Plan to Help Avert Family Conflict
By Washington Trust / May 29, 2018
Family conflict after a loved one passes can often be avoided through open communication and preemptive planning to help ensure that everyone is on the same page

Spring 2018 Perspectives and Planning: Economic Outlook
By Washington Trust / April 13, 2018
There are no major changes to our forecast. The U.S. economy remains in solid shape and we maintain our call for real GDP to expand at a 2.5% to 3.0% pace in 2018 with the upper end of this range now looking more likely. Inflation is gradually accelerating and is likely to hit the Federal Reserve target of 2.0% (as measured by core PCE) this year as the Fed now concedes. Hiring continues to be robust and we acknowledge that job creation could exceed our 1.8 million estimate. As such, we expect a rebound in consumer spending after sluggish growth in the first quarter.

Maximizing Your Options for IRA Fee Payment – What’s New
By Washington Trust / April 13, 2018
The recently enacted Tax Cuts and Jobs Act, signed into law on December 22, 2017, makes numerous changes to the rules governing taxation of individuals. One of these changes is the elimination of all miscellaneous itemized deductions, which currently include IRA management fees. If you are an individual paying your IRA fees from non-IRA assets in order to obtain a tax deduction annually, you may want to reconsider this strategy going forward.

By Washington Trust / February 12, 2018
Recently, Kent Gladding, Chief Investment Strategist, and Peter Phillips, Chief Investment Officer, presented their Financial Market Outlook for Winter 2018.

Tax Reform: A New Era Commencing in 2018
By Washington Trust / January 18, 2018
It’s official! On December 22, 2017, President Donald J. Trump signed a tax reform bill with a variety of tax cuts and changes effective in 2018. Some key provisions within the new legislation are highlighted below to help you recognize planning opportunities that may benefit your own financial situation.

Perspectives & Planning: 2018 Economic & Market Outlook
By Washington Trust / January 18, 2018
The U.S. economy entered 2017 in a sweet spot and exited the year in an even stronger position. Job creation remained strong, surpassing expectations and driving unemployment to a 17‐year low of 4.1%. With the labor market tight and incomes rising, consumers were spending. Consumption rose nearly 3% in 2017 and while gains may not be as robust this year, consumer spending should increase close to 2.5%. In addition to hiring, businesses also invested in plant and equipment as capital expenditures finally took off. With corporate profits surging, this trend could also persist. Finally, while housing statistics were erratic in 2017, the year ended on a firm note and residential construction should be buoyed by favorable demographics and a severely under supplied market.

Understanding the Basics of Social Security Retirement Benefits
By Kathleen A. Ryan / November 21, 2017
Here are some basic elements to the social security system that everyone should keep in mind when planning for retirement.

The LLC Option for Owning Residential or Commercial Rental Property
By Kathleen A. Ryan / November 6, 2017
Rental Real Estate is a viable business, but not without its risks of liability. Learn how using an LLC structure in your business plan could help add a layer of protection to your personal assets.

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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