Insights
At Peapack Private, we consider education to be an important part of what we do, both for our clients and for the public overall. That's why we regularly speak to local and national media, and why we contribute articles to leading publications, and our time to professional organizations.
Featured ARTICLES
The European Central Bank left policy unchanged this week which was widely expected. The deposit rate remained at -0.50% and QE at E20B per month. What struck us was the ECB’s announcement that the central bank would conduct its first strategic review of policy since 2003. The review will address a range of relevant topics but will center on inflation. Despite aggressive stimulus for many years, the ECB has failed to lift inflation to its inflation target just below 2%. Some analysts have cynically suggested that it was not a failure of monetary policy, but rather measurement error and that inflation is running hotter than indicated. Lower than expected inflation, as predicted by classic econometric models such as the Phillips Curve, is not unique to Europe. Inflation is running stubbornly below the Federal Reserve’s desired level as measured by the core PCE index.
A Peapack Private Wealth Management publication: INVESTMENT Outlook fourth quarter 2019
Investors caroled their way through the fourth quarter, as global stock markets continued to bestow lavish gifts
onto shareholders. Animal spirits joined with the Christmas spirit, as trade tensions lessened, global central banks
affirmed their accommodative ways, and economies around the world showed nascent signs of bottoming and
possibly turning up.
onto shareholders. Animal spirits joined with the Christmas spirit, as trade tensions lessened, global central banks
affirmed their accommodative ways, and economies around the world showed nascent signs of bottoming and
possibly turning up.
Stocks domestic and international, small cap and large, developed and emerging, all gave market participants
returns hovering around 10% for the three-month period. Bond and real estate equity returns were essentially flat
for the quarter, while commodities finally showed some life, up 5%.
returns hovering around 10% for the three-month period. Bond and real estate equity returns were essentially flat
for the quarter, while commodities finally showed some life, up 5%.
What do I tell a state if I'm moving in our out?
Before you leave any state, you’re going to want to cut all ties. Otherwise, the state will want to continue to tax you as a resident for income tax purposes.
What it comes down to is the concept of domicile, said Cynthia Fusillo, a certified public accountant with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank, in New Providence.
is mom liable for my dead father's credit card debt?
As a grieving family the last thing you want to deal with is unpaid debts and debt collectors.
As a general rule of thumb, unpaid debts are paid from the deceased person's estate, said Lisa McKnight, a certified financial planner with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank, in New Providence.
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