Managing your wealth and everything it intersects
More than just expertise, more than just high-touch, Truxton provides you and your family with a sustained advantage - services that nourish and fortify your financial assets in pursuit of greater resilience and peace of mind.
LEARN MORE
Wealth
Works with high-net-worth and ultra-high-net-worth families to manage their wealth and everything that it intersects.
Banking
Provides creative lending solutions and personalized depository services for families and their financial needs.
Capital Advisors
Offers family-owned businesses with consultative services and investment banking strategies to meet their capital needs.
The Health Savings Account (HSA) was created to give ordinary workers a way to accumulate modest funds to meet very high deductibles increasingly found in employer-sponsored health insurance. HSAs have uniquely attractive tax treatment, better than the tax treatment of any other employment related savings vehicle for reasons we’ll discuss.
Earlier this summer, the United States Supreme Court rendered a unanimous opinion in Estate of Connelly v. United States, resulting in enormously different tax consequences for business owners.
Throughout the 12 month pause in interest rate changes, the focus has been on when the Fed would cut rates. There has been an eagerness for mediocre employment and growth on the belief that this would encourage the Fed to cut sooner. Bad news was good news. The combination of a weak ISM Manufacturing report on Thursday and the rise in unemployment raised the possibility that the Fed might be “behind the curve”. In that case, the market decided bad news was just bad news. It’s a thin line.
