Updates - The Trust Company of Kansas

The Markets (as of market close April 11, 2025)

A late-week rally helped push stocks higher to close a turbulent week on a favorable note. Last week began with stocks mixed as investors tried to gauge President Trump’s on-again, off-again tariff policy. Ten-year Treasury yields jumped nearly 20 basis points to 4.20% last Monday, rebounding from the previous week’s six-month low. Stocks retreated last […]

Infographic: Ranking the World’s 20 Largest Economies

This graphic ranks countries by their forecasted gross domestic product (GDP) in 2025 and compares their inflation-adjusted growth since 2015. All figures are in 2025 dollars. Growth highlights over the past decade Ten years ago, economists predicted that China would overtake the U.S. as the world’s top economy. However, a pandemic slowdown and malaise in […]

The Markets (as of market close April 4, 2025)

Wall Street endured its worst week since the Covid crisis as investors shunned risk in response to inflation and recession fears following President Trump’s sweeping tariffs and China’s immediate retaliatory response. Despite a better-than-expected jobs report, comments made last Friday by Federal Reserve Chair Jerome Powell who indicated that the economy was in a good […]

Roll Over the Remaining Interest of an Inherited IRA or Retirement Plan

What is it? If your spouse dies and you are a primary beneficiary of their traditional IRA or retirement plan account, you may be able to roll over the inherited funds to your own traditional IRA or plan account. This is generally true even if your deceased spouse had begun taking required minimum distributions (RMDs) […]

The Markets (as of market close March 28, 2025)

Despite getting off to a good start, stocks wavered throughout much of last week, ultimately closing lower. Each of the benchmark indexes lost ground, with the S&P 500 finishing the week lower for the fifth time in the last six weeks after reaching record highs in mid-February. Several negative factors weighed on investors, including hotter-than-expected […]

Tariff Turmoil or Economic Signal? The Makings of a Stock Market Correction

On March 13, 2025, the S&P 500 Index landed in correction territory after a swift three-week drop of more than 10% from its February 19 record high. The NASDAQ index suffered an official correction a week earlier, having fallen over several months from its most recent peak in December 2024.1 President Trump’s rapid, on-and-off implementation […]

The Markets (as of market close March 21, 2025)

Wall Street saw a weekly gain for the for the first time in four weeks. Fed forecasts of two more interest rate cuts this year (see below) helped renew investor confidence. Each of the benchmark indexes closed higher last week, led by the Dow, which gained over 1.0%. All 11 of the S&P market sectors […]

Scammers Are Getting Smarter – Here’s How to Stay One Step Ahead

Scammers are using all kinds of tricks to steal your money or personal information. They might pretend to be a government official, a friend in trouble, or even offer you a fake job – but their goal is always the same. Knowing the warning signs can help you and your loved ones from falling victim. […]

The Markets (as of market close March 14, 2025)

Wall Street saw momentum ebb and flow throughout last week, with stocks ultimately closing lower for the fourth week in a row. Investors were influenced by growing uncertainty over inflation and tariffs. Despite a strong close to the week, the overall decline in equities has been notable. In less than a month, the benchmark indexes […]

Federal Income Tax Returns Due for Most Individuals

The federal income tax filing deadline for individuals is generally Tuesday, April 15, 2025. However, the IRS has postponed the deadline to file federal income tax returns and make tax payments for certain disaster-area taxpayers. The current list of eligible localities and other details for each disaster are always available on the Tax Relief in Disaster […]