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Due to technical issues, our Client Service Center is currently not available by phone. Until the issue is resolved, please use our email request form at PNFP.com/Contact.
Tariffs continued to lead to volatility and uncertainty globally as GDP growth rates fell and core inflation rose. The on again off again tariffs and resulting trade flows have created volatility in the GDP growth numbers and have made the FOMC’ s mission more difficult. The one offset is that through August 2025 the Treasury has collected $165.2 Billion in tariff proceeds, about two-thirds of which has been paid for by American consumers.
During the second quarter the Trump administration continued to push new tariffs on the United States’ largest trading partners. As we discussed last quarter, the effect of all these actions is that consumer confidence and sentiment has continued to decline as prices have moved higher.
Even for families with the means to pay for tuition outright, college savings plans can carry major advantages. 529 savings plans are designed to be flexible and can be long-lasting, which brings specific benefits for families. Here are some lesser-known ways to use a 529 plan to fund education expenses.
You have several options for financing your children’s education. Learn more about 529 plans.
Several major economic developments occurred during the fourth quarter, including an additional 0.50 percent in federal funds rate cuts and a decisive outcome in the November election, where Donald Trump and the Republican party gained control of the White House, Senate and the House of Representatives. The underlying strength of the U.S. economy continued to surprise to the upside, setting up an interesting backdrop for 2025.
Several major economic developments occurred during the fourth quarter, including an additional 0.50 percent in federal funds rate cuts and a decisive outcome in the November election, where Donald Trump and the Republican party gained control of the White House, Senate and the House of Representatives. The underlying strength of the U.S. economy continued to surprise to the upside, setting up an interesting backdrop for 2025.
If you are fortunate enough to achieve financial stability for yourself, you have the opportunity to leave a legacy for the next generation. Whether you’re continuing a legacy that a family member began or the first in your family to begin one, there are three phases to building generational wealth.
The low interest rate environment we’ve enjoyed since the Federal Reserve’s last rate increase in 2018 will begin to shift in 2022. On March 16, the Fed increased rates by 25 basis points (0.25 percent), bringing it to .50 percent. While the Fed is forecasting seven rate hikes this year, some pundits still believe we will only see four or five, depending on future inflation readings. What does this mean for you and your investments?
Investments are not just for the wealthy. Whether you’re in your first job, your prime earning years, or nearing retirement, it’s never too late – or too early – to use personal investments as a savings vehicle for your future. There are several types of accounts for this purpose and a multitude of funds to invest in.
Parents do everything in their power to ensure a good life for their children. But some children with disabilities may never become fully independent. How can families plan for a future that’s often uncertain? It can seem insurmountable, but with the right approach and the right kind of help, they can put the pieces in place to prepare for the rest of their child's life.
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