CTC Tips: fund your IRA at the beginning of the year

Waiting until the end of the year to contribute to your IRA limits your potential for growth. A Money.com article reported that 70% of IRA contributions in 2013 were made near the contribution deadline. Waiting until then can cost an investor over $15,000 over 30 years: “assuming an investor contributes the maximum $5,500 annually for 30 years…

Is your tax refund too big?

  According to the IRS, the average tax refund received in 2015 was just about $2,800. Receiving such a large check from the government can be exciting but adjusting their withholding and receiving a smaller refund might actually be more beneficial for taxpayers. A tax refund is the return of taxes paid beyond what was owed…

CTC Podcast Ep. 3: talking retirement with Lavern Holdeman

Lavern Holdeman, our Financial Services Representative for the ECC’s Midwest and Midsouth conferences, retired at the end of January after working for over 50 years — eight of those with Covenant Trust Company. In our latest podcast, Lavern talks about his journey from lawyer to FSR, discusses how retirement planning has changed in the last 50 years,…

2016 thus far…

What a start to 2016! This past month has been an interesting one in the market, to say the least. After a disappointing 2015, the 2016 began with a sharp downward turn in the stock market. The financial headlines, designed to get our attention, are encouraging fear. We have experienced the first correction in years, and…

Ann Wiesbrock and Paul Hawkinson interviewed for Covenant Companion

The latest issue of the Covenant Companion features an interview with Covenant Trust Company president Ann Wiesbrock and Paul Hawkinson, the Evangelical Covenant Church’s executive Director of Finance. Together, they discuss faith and finances; money as a taboo subject; socially responsible investing; charitable giving; and much more. You can watch a few highlights from the discussion above…