As of April 2, 2020 — Wilmington Trust has been monitoring the COVID-19 (coronavirus) outbreak and assessing its impact on investments and the economy. Visit this page for updates as further developments unfold. What COVID-19 health and wealth impacts lie ahead? Listen to the replay of our recent webinar, “COVID-19: Fiscal, Monetary & Medical Shots in the Arm?,” with Chief Investment Officer Tony Roth and special guest, Ashish K.
March 26, 2020—The stock market’s precipitous drop has wreaked havoc on portfolios, wiping three years of gains from the U.S. stock market in a matter of days. What we have experienced puts us in uncharted waters: a combination of one of the fastest declines in equity market history, the most abrupt and wholesale halting of economic activity ever, and the most rapid deployment of monetary stimulus we’ve ever seen.
March 25, 2020—Tony is joined by Wilmington Trust’s Chief Planning Officer Don DiCarlo, who shares his insights on several wealth planning opportunities that can be particularly beneficial during the current market environment. Together, they discuss strategies to utilize the high federal tax exemption before it’s set to expire in 2026, or potentially sooner; gifting depreciating assets to different trust structures; converting a traditional IRA to a Roth IRA; and tax loss harvesting.