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Washington Trust Wealth Management Blog


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

By Washington Trust / July 27, 2021
Now that graduation season has passed, so many young professionals are wondering how to take control of their finances and start building their wealth. Recently, Jennifer Lippin, Vice President, Portfolio Manager for Washington Trust Wealth Management, shared some wealth-building strategies for this year’s crops of recent college grads.

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.

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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.

By Kimberly I. McCarthy, Esq. / August 13, 2020
The biggest legislative change to retirement plans in more than a decade happened just before 12/31/19. The SECURE Act, among other things, eliminated the “stretch”, a core of estate plans for decades. Kimberly I. McCarthy, Esq., Senior Vice President and Chief Tax and Benefits Officer, Wealth Management Client Services, discusses the key changes under the new legislation and guidance.

By Kimberly I. McCarthy, Esq. / June 24, 2020

There have been a lot of changes regarding Required Minimum Distributions (“RMDs”) in the past 6 months! For anyone that wants to hit the pause button on this chaotic state of affairs and get an RMD “do over”, June 23rd was a good day.

On Tuesday, June 23, 2020, the IRS released formal guidance expanding relief for participants in 401(k)/403(b) plans, IRAs, and their beneficiaries. Specifically, the new guidance extends existing relief backwards (to distributions taken as far back as 1/1/20); extends existing relief forward (by moving the deadline to “reverse” or “undo” an RMD from 7/15/20 to 8/31/20); and by providing a new category of relief (allowing inheritance beneficiaries to re-contribute their RMDs).

By Washington Trust / March 20, 2020
We understand that current market conditions have made many investors nervous. However, we encourage investors to stay focused on their long-term investment goals, as we anticipate that the financial markets will recover, as they have from virus outbreaks in the past. We recommend that you ensure your near-term cash needs are met and resist the temptation to make any major asset allocation changes as a result of current events.

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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