Dollars & Sense Blog
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Employee Stories: Rachel Kuenstler
Rachel’s Perspective - Developing Expertise and Taking Risks
Hunter Nauman Earns Chartered Financial Analyst Designation
Heartland Bank and Trust Company announces Hunter Nauman has earned the Chartered Financial Analyst (CFA®) designation joining an elite group of financial professionals specializing in portfolio management and wealth planning.
John Saxbery Joins Heartland Bank as Assistant Vice President, Treasury Management Sales Rep
Heartland Bank and Trust Company proudly announces the hiring of John Saxbery as Assistant Vice President, Treasury Management Sales Representative. Saxbery has 24 years of financial services experience, having served as mortgage originator and branch manager. He will be located at Heartland Bank’s Springfield branch at 3601 Wabash Avenue.
Fiorella Krushnowski promoted to Retail Manager
Heartland Bank and Trust Company proudly announces the promotion of Fiorella Krushnowski as retail manager. Krushnowski, who has 10 years of experience in retail banking as a teller banker and assistant manager, is located at Heartland Bank’s Farmer City branch at 333 South Main St.
Employee Stories: Reid Walder
Reid’s Perspective - Mentorship and Professional Development
Tax Reform and Charitable Giving
When the tax system was reformed in 2017 in the Tax Cuts and Jobs Act, there was much concern about the effect the changes would have on charitable giving. First, the rough doubling of the standard deduction meant that far fewer taxpayers would be itemizing, and without itemizing there is no tax benefit at all for the charitable gift. Second, the top marginal tax rate was reduced slightly, which meant that the net tax benefit for the wealthiest taxpayers would go down.
Check your Beneficiary Designations
Jeffrey and Margaret were in their 20s when they met in a park and began dating. They moved to Sullivan County, Pennsylvania, living together while Margaret waitressed and Jeffrey got a job at Proctor and Gamble. In 1987, Jeffrey signed up for P&G’s profit sharing and savings program. He listed Margaret as his beneficiary, stating that she was a “cohabitor.”