TSD Memphis



Understanding charitable giving

How can my charity and I both benefit from my gift?

You could receive an immediate income tax deduction. With a properly structured gift, you could realign your investment portfolio without paying capital gains tax on appreciated property. Another strategy may allow you to pass your estate on to your children while avoiding both probate and estate taxes.


Symposium for small business owners

Since she started serving in public office, Deidre Malone has been dedicated to helping small businesses in the Memphis community thrive. Over the years, she has helped raise awareness about resources in the city such as the Black Business Association, Small Business Association, NAWBO and the Mid-South Minority Council. She has also worked with larger organizations such as the Chamber of Commerce, EDGE and Leadership Memphis.


Financial planning can offset wedding bell blues

The excitement starts with an engagement ring. This starts months of planning for the big wedding day. Invitations, dresses, flowers, tuxedos, and cakes must be chosen and purchased to make your lifelong commitment special. Why do couples spend so much time and money on this one day, yet spend very little time preparing for the next 50 years?

Jenny and Thomas returned from their honeymoon full of anticipation about their lives together. They were going to be very busy over the next couple of months merging their lives into one. In addition to moving into their new apartment, Jenny would have to update all of her identification documents to reflect her new name.


Certification: Helping women make ‘that connection’

Robinson Blanca-300Blanca Robinson is the president of Women Business Enterprise Council South (WBENC South) and her mission is to help women succeed.

Carlee McCullough, Esq.: Please tell us about yourself and how you became interested in expanding and promoting economic opportunities for women in business?


Holiday shopping & African-Americans

dolls-400African-American parents wish there were more culturally relevant toys to give to their children, according to a new survey commissioned by Walmart.

Walmart – America's largest seller of toys – surveyed African-American parents to ask them about their opinions on holiday toys. African-American parents agreed the most (77 percent) with the desire for more toys that are representative of their family's race, ethnicity and/or culture.


Ugwueke moves up leadership ladder


Michael Ugwueke has been selected as executive vice president and chief operating officer of Methodist Le Bonheur Healthcare.

Ugwueke is currently senior vice president, Methodist North and South Hospitals. He will begin transitioning to his new role in January.

As chief operation officer, Ugwueke will provide strategic and operational leadership for the system's five adult inpatient hospitals and affiliated companies.


Certification: The MMBC Continuum

In the local market, various diversity certifications are offered by several entities, including The Mid-South Minority Business Council Continuum, where Erica Powell is director of Member Registration.

Carlee McCullough, Esq.: Mrs. Powell thanks for taking the time to share your experiences and knowledge with us. Tell us a little bit about yourself and how you became interested in expanding and promoting economic opportunities for minorities and women in business?


FDIC bank closures: Is your money safe?

The Federal Deposit Insurance Corporation (FDIC) recently closed nine banks in one day. The closings boosted the number of failed U.S. banks this year to 115. Given that, and the recent turmoil at CIT Group, you might be worried about the safety of your money in financial services and investment companies.

What advice do financial planners have for Americans who are worried about the money they have in banks and brokerage accounts? Here's what FPA member Sam Hull, CFP®, CPCC, a partner with Whitewater Transitions, had to say:


‘Bank On Memphis’

unbanked-600"Bank On Memphis" – a financial literacy program that debuted in 2011 – has been fine-tuned and given a sharper focus.

The program's relaunch is a collaboration that features Mayor A C Wharton Jr. and David Lenoir, Shelby County Trustee. Wharton and Lenoir are moving forward with the program thanks to a $10,000 contribution from Regions Bank. The funds are directed toward the costs of outreach, including a renewed marketing push.


Unemployment rate lowest since 2008

7Unemploment-600NEW YORK – Modest hiring continued in November and the unemployment rate fell to its lowest level in nearly four years, according to a report released Friday.

The U.S. economy added 146,000 jobs in November, and the unemployment rate fell to 7.7 percent from 7.9 percent in October, the Labor Department said. While that's the lowest unemployment rate since December 2008, it fell due mainly to workers dropping out of the labor force.


A mortgage in retirement may not be such a bad idea

Back in the 1950s as many Americans entered homeownership, the one common goal was to eventually pay-off the mortgage and own the house outright. Many years later, when the mortgage was paid-off people would have mortgage-burning parties where they invited friends and relatives to watch them burn the mortgage papers after making their last payment.

Reaching this goal was a sign of success and represented a way to a worry-free retirement.


Certification: The cornerstone for supplier diversity programs

Certification – the cornerstone of supplier diversity programs – is our month-long focus for "On Our Way To Wealthy."

A supplier diversity program is a business program, which encourages public entities and the private sector to use historically under-utilized firms.


Instagram kills its own pics on Twitter

(NEW YORK) – Instagram voluntarily pulled the plug on its Twitter photo integration on Wednesday, upping the stakes in a growing turf war between the rival social networks.

Previously, when Instagram users tweeted about their latest Instagram photos, the image would appear inline with the tweet. At the moment, those inline images are cropped and improperly formatted in mobile apps. Going forward, the images will cease to exist at all in any Twitter product, according to Instagram.