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.
Peapack Private Wealth Management Hires Teams from Noyes Capital Management and Lucas Capital Management.
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The S&P 500 finished the week lower after the major indexes posted solid gains in the first week of 2021. The weakness comes amid growing concerns about stretched valuations following the recent rally in stocks. While the concerning news coming out of Washington continues to be largely ignored, the market appears to be most focused on the vaccine rollout, fiscal stimulus, and the next round of corporate earnings. On Thursday, President-elect Biden outlined a $1.9 trillion economic package which has elements that would likely gain favor in the Senate, but other parts are expected to spur partisan conflict.
Fourth Quarter 2020: Truth or Consequences
The first game show to air on broadcast television was a program called Truth or Consequences. Originally a radio show, it combined a traditional quiz show format with wacky stunts.
The trivia questions were intentionally obscure, designed for contestants—given a mere two seconds to respond—to give the wrong answer. Failing to complete this "truth" portion meant that the contestant had to face "consequences," typically by performing a zany and embarrassing stunt devised by the show’s staff.
Who gets a lump sum from Social Security when someone dies?
Social Security does pay a one-time lump sum death benefit of $255. But there are some contingencies, said Lisa McKnight, a certified financial planner with Peapack Private Wealth Management in New Providence. Priority for the lump sum payment goes first to the surviving spouse.
Money tips for the new year: Here are 21 ways to reduce debt, build an emergency fund in 2021
When payday comes, dollars tend to disappear quickly. So, put your savings on autopilot. Set up automatic deposits that move money directly from your paycheck to your savings account, says Diahann Lassus, president of Lassus Wherley, part of Peapack Private Wealth Management. "Pay yourself first, before those dollars have a chance to disappear," Lassus says.
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