Financial Literacy Month: Fact or Myth? Spreading your investments across different accounts or advisors means you’re automatically diversifiedd.

Fact or Myth? Spreading your investments across different accounts or advisors means you’re automatically diversified.

4 Pillars of Financial Health (5)

Myth!

Simply using different platforms or advisors doesn’t guarantee diversification. Each account or advisor is likely managing a separate portfolio and may be unaware of the others. This can result in overexposure to certain investments, like holding too many stocks in the same sector or asset class. Even if each portfolio looks balanced on its own, you could end up with two or more portfolios that seem well diversified, but when you combine them, you might find you’re overexposed in one category or another. True diversification requires careful planning across all your accounts, ensuring that each portfolio is aligned with your overall financial goals and risk tolerance. Regular check-ups and rebalancing are essential to maintaining a truly diversified portfolio.

LeTort Trust does not provide tax or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

Financial Literacy Month: Should I Invest or Pay off My Mortgage?

 The Investopedia Team
Feb. 26, 2025

The best option for a windfall of cash might be to invest it if a realistic rate of return significantly outpaces the interest being paid on the mortgage. However, there are other factors to consider. The pros and cons of paying off a mortgage early depend on the borrower’s financial circumstances, the loan’s interest rate, and how close the individual is to retirement.

Consider the interest cost that could be saved by paying off a mortgage 10 years early compared to various investment returns earned by investing the money in the market.

Key Takeaways

  • Whether paying off the mortgage early is a good choice can depend on your financial situation, the loan’s interest rate, and how close you are to retirement.
  • Paying off a mortgage has its benefits, but consider other factors such as the tax deductibility of mortgage interest and low loan rates.
  • Investing the money instead may generate higher returns than the loan’s interest cost, but markets also come with the risk of losses.

How Paying off a Home Affects Your Finances

Mortgage payments are made up of two components: interest on the loan and a principal amount that pays down the total outstanding balance. A $1,500 monthly payment might pay $500 toward interest. The other $1,000 will reduce the principal loan balance. Interest rates on a mortgage loan can vary depending on the economy and the borrower’s creditworthiness.

A loan payment schedule over a 30-year period is referred to as an amortization schedule. The payments for a fixed-rate mortgage loan mostly go toward interest in the early years. A larger portion of the loan payment is applied toward reducing the principal in later years.

Assume that you have a 30-year mortgage with a starting balance of $200,000 and a fixed interest rate of 3.50%. It would work out like this.

A larger portion of the fixed monthly payment goes toward paying interest during the first 10 years, but the percentage of the monthly payment that goes toward interest versus principal reverses as time goes on. More than $611 went toward principal while $286.64 went toward interest after 20 years. All but $2.61 of the last monthly payment went toward paying the principal balance.

The portion of the mortgage loan payment that’s applied to principal and interest changes over the years because the loan balance is higher in the early years and smaller in the later years. You’re paying interest on more of a balance in the early years. Less interest is owed as the monthly payments eventually reduce the outstanding loan.

How Much Interest Will You Save?

Some homeowners choose to pay off their mortgages early, and the benefits can vary depending on your financial circumstances. Retirees might want to reduce or eliminate their mortgage debts because they’re no longer earning employment income.

Let’s assume that a borrower has received an inheritance of $120,000. There are 10 years left on their mortgage. The original mortgage was $200,000 at a fixed interest rate over 30 years. This table shows what it would cost to pay off the loan 10 years early and how much interest would be saved based on three loan rates: 3.50%, 4.50%, or 5.50%.

The higher the interest rate, the larger the amount remaining on the loan will be with 10 years left on the mortgage.

Save Interest by Paying Off the Loan

The total interest cost for the 30-year loan would be $123,312 at the 3.50% interest rate. The borrower would save $20,270 by paying it off 10 years early.

Saving more than $20,000 in interest is significant, but the interest amount saved represents only 17% of the total interest cost for a 30-year loan: $103,042 in interest has already been paid in the loan’s first 20 years ($123,312 – $20,270), which accounts for 83% of the total interest over the life of the loan.

How Investing Affects Your Finances

It might be worth considering whether some or all of your money might be better off invested in the financial markets. The rate of return earned from investing might exceed the interest you’d pay on the mortgage over the final 10 years of the loan.

The “opportunity cost,” the foregone interest that could be earned in the market, should be considered. But many factors go into evaluating an investment, including the expected return and the risk associated with the investment. This table shows how much could be earned on $100,000 if the money was invested for 10 years based on four average rates of return: 2%, 5%, 7%, and 10%.

These investment gains were compounded. Interest was earned on the interest and no money was withdrawn during the 10-year period.

Investment Gains Vs. Loan Interest Saved

A homeowner would earn $22,019 based on an average rate of return of 2% if they invested $100,000 rather than use the money to pay down their mortgage in 10 years. There would be no material difference between investing the money versus paying off the 3.5% mortgage based on the $20,270 saved in interest from the earlier loan table.

But the homeowner would earn $62,889 if the average rate of return was 5% for the 10 years. This is more money than the interest saved in all three of the earlier loan scenarios whether the loan rate was 3.50% ($20,270), 4.50% ($28,411), or 5.50% ($37,618).

The borrower would earn more than double the interest saved from paying the loan off early, even with using the 5.50% loan rate, with a 10-year rate of return of 7% or 10%.

Repaying their mortgage rather than investing the money not only saves the borrower the interest they would have paid on the mortgage, but it also frees up money that otherwise would have gone to monthly repayments. This money could also be invested with the same rate of return.

Different Investments Come With Different Risks

Each type of investment comes with its own risk. U.S. Treasury bonds would be considered low-risk investments because they’re guaranteed by the U.S. government if they’re held until their expiration date or maturity. But equities or stock investments have a higher risk of price fluctuations, called volatility, and this can lead to losses.

There’s a risk that some or all your money could be lost if you decide to invest your money in the market instead of paying off your mortgage 10 years early. You would still have to make 10 years of loan payments as a result if the investment loses money.

The stock market can provide sizable returns, but there’s also a risk of sizable losses. Just as taking on more risk can magnify investment gains, it can also lead to more losses so the market risk is a double-edged sword.

A 10% investment gain isn’t an easy goal to achieve, particularly after factoring in fees, taxes, and inflation. Investors should have realistic expectations as to what they can earn in the market.

What the Experts Have to Say

Advisor Insight

Mark Struthers, CFA, CFP
Sona Financial, LLC, Minneapolis, MN

A lot depends on the nature of the mortgage and your other assets. If it’s expensive debt (that is, with a high interest rate) and you already have some liquid assets like an emergency fund, then pay it off. If it’s cheap debt (a low interest rate) and you have a good history of staying within a budget, then maintaining the mortgage and investing might be an option.

Some people’s instinct is to get all debt off their plate, but you want to make sure you always have ready funds on hand to ride out a financial storm. So the best course is usually somewhere in between: If you need some liquidity or cash, then pay off a large chunk of the debt, and keep the rest for emergencies and investments. Just make sure you take an honest look at what you’ll spend and your risks.

What Is Compounding Interest?

Interest “compounds” when it earns interest. Say you invest $100. That money earns you $5 in interest over a period of time. You’ll be paid interest on $105 if you leave that investment untouched because the interest is compounded. Interest earned on interest can magnify investment gains. This should be compared to how much interest you’ll save if you pay off your mortgage.

How Does the Tax Deduction for Mortgage Interest Work?

The interest you pay on a mortgage loan of up to $750,000 is tax deductible on your federal return subject to numerous rules. The limit drops to $375,000 if you’re married and you file a separate tax return.

The loan proceeds must be used to buy or build your main home or a second home, and you must itemize in order to claim this tax deduction. Itemizing isn’t always in a taxpayer’s best interest because they must forego claiming the standard deduction if they itemize. The standard deduction for their filing status can be more money coming off their taxable income than all their itemized deductions combined.

What Are Some Options Other Than Paying Off My Mortgage or Investing?

You might want to establish the security of an emergency fund to hedge against an ailing economy and to pay your mortgage should you experience financial distress. You might want to save for retirement instead, although this involves investing, too, such as in an IRA or 401(k). You could pay off credit card debt that carries a higher interest rate than your mortgage, particularly if your credit card balances are of a significant amount.

The Bottom Line

It’s important to consider the interest rate, the remaining balance, and how much interest will be saved before you decide to pay off a mortgage loan early. Borrowers can use a mortgage loan calculator to analyze the amortization schedule for their loans.

Another important thing to keep in mind is that mortgage interest is tax deductible for many homeowners. Interest paid reduces your taxable income at the end of the year.

Consult a financial planner and a tax advisor before deciding whether to pay off your mortgage early or invest that money. A professional can help you analyze your own personal situation and goals.

LeTort Trust does not provide tax or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

LeTort Trust Announces the Appointment of Jennifer Sensky Client Concierge

Mechanicsburg, PA (February 14, 2025) – LeTort Trust is excited to announce that Jennifer Sensky has joined our Operations Team as Client Concierge.

Jenn plays a pivotal role in creating a welcoming environment for our clients, partners, and team members. She manages front office operations and is the point of contact for clients needing assistance. Prior to joining LeTort Trust, she worked as the Marketing Coordinator at Messiah Lifeways.

“We are delighted to welcome Jennifer to the team. Her diverse experience and client-focused approach align perfectly with LeTort’s commitment to exceptional service. We look forward to the positive impact she will have in enhancing the client experience and strengthening our operational excellence,” said Greg Campbell, Director of Operations.

LeTort Trust is an Independent Trust Company, providing comprehensive Qualified Retirement Plan, Personal Trust and Wealth Management services designed for the complex financial needs of businesses, institutions, and individuals.

LeTort Trust Promotes Patricia Lauchle to Chief Financial Officer

Mechanicsburg, Pennsylvania (November 05, 2024) – LeTort Trust, an independent trust company providing Qualified Retirement Plan Management and Family Wealth Management services, is excited to announce the promotion of Patricia Lauchle to Chief Financial Officer (CFO), effective November 1, 2024.

Patricia joined LeTort Trust in 2019 as Personal Trust and Tax Officer, immediately making significant contributions to the financial management and strategic direction of the business and earning a quick promotion to the position of Controller/Tax Operations Manager.  During the time in that role and with over 15 years of experience and nearly a decade in public accounting, Patricia has been instrumental in overseeing the tax reporting processes and compliance for LeTort Trust and for our clients. Her commitment to excellence and deep understanding of the financial landscape of our business have made her an indispensable part of our leadership team.

“Patricia’s promotion to the CFO position is a recognition of her exceptional leadership and the integral contribution she has made to the financial management and regulatory oversight of our business.” said Katie Clarke, President of LeTort Trust. “Patricia has acclimated quickly to our unique structure and has developed into a pivotal member of our team” said Dan Eichelberger, CFA CFP

Patricia holds a Bachelor of Science in Accounting from Penn State University, is a licensed CPA, and maintains active memberships with the Pennsylvania Institute of Certified Public Accountants (PICPA) and the American Institute of Certified Public Accountants (AICPA). She is an alumna of the Leadership Harrisburg Area (LHA) program and was honored with the Young Leader Award by the Pennsylvania Institute of Certified Public Accountants (PICPA).  Passionate about numbers, she balances her professional accomplishments with quality time with family and friends, embracing opportunities for outdoor adventures and competitive activities.  Committed to community service, she dedicates her time and expertise to several local nonprofit committees, serves as Treasurer of the LeTort Trust Foundation, and volunteers with Junior Achievement.

About LeTort Trust
LeTort Trust is a private trust company, providing comprehensive Qualified Retirement Plan and Wealth Management services designed for complex financial needs of businesses and individuals. For additional information on LeTort Trust or LeTort Trust Foundation, please visit our website at www.letorttrust.com.

401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000

IR-2024-285, Nov. 1, 2024

WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.

The IRS today also issued technical guidance regarding all cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2025 in Notice 2024-80 PDF, posted today on IRS.gov.

Highlights of changes for 2025

The annual contribution limit for employees who participate in 401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan is increased to $23,500, up from $23,000.

The limit on annual contributions to an IRA remains $7,000. The IRA catch‑up contribution limit for individuals aged 50 and over was amended under the SECURE 2.0 Act of 2022 (SECURE 2.0) to include an annual cost‑of‑living adjustment but remains $1,000 for 2025.

The catch-up contribution limit that generally applies for employees aged 50 and over who participate in most 401(k), 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan remains $7,500 for 2025. Therefore, participants in most 401(k), 403(b), governmental 457 plans and the federal government’s Thrift Savings Plan who are 50 and older generally can contribute up to $31,000 each year, starting in 2025. Under a change made in SECURE 2.0, a higher catch-up contribution limit applies for employees aged 60, 61, 62 and 63 who participate in these plans. For 2025, this higher catch-up contribution limit is $11,250 instead of $7,500.

The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs and to claim the Saver’s Credit all increased for 2025.

Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or the taxpayer’s spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is eliminated, depending on filing status and income. (If neither the taxpayer nor the spouse is covered by a retirement plan at work, the phase-outs of the deduction do not apply.) Here are the phase‑out ranges for 2025:

  • For single taxpayers covered by a workplace retirement plan, the phase-out range is increased to between $79,000 and $89,000, up from between $77,000 and $87,000.
  • For married couples filing jointly, if the spouse making the IRA contribution is covered by a workplace retirement plan, the phase-out range is increased to between $126,000 and $146,000, up from between $123,000 and $143,000.
  • For an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the phase-out range is increased to between $236,000 and $246,000, up from between $230,000 and $240,000.
  • For a married individual filing a separate return who is covered by a workplace retirement plan, the phase-out range is not subject to an annual cost-of-living adjustment and remains between $0 and $10,000.
  • The income phase-out range for taxpayers making contributions to a Roth IRA is increased to between $150,000 and $165,000 for singles and heads of household, up from between $146,000 and $161,000. For married couples filing jointly, the income phase-out range is increased to between $236,000 and $246,000, up from between $230,000 and $240,000. The phase-out range for a married individual filing a separate return who makes contributions to a Roth IRA is not subject to an annual cost-of-living adjustment and remains between $0 and $10,000.
  • The income limit for the Saver’s Credit (also known as the Retirement Savings Contributions Credit) for low- and moderate-income workers is $79,000 for married couples filing jointly, up from $76,500; $59,250 for heads of household, up from $57,375; and $39,500 for singles and married individuals filing separately, up from $38,250.
  • The amount individuals can generally contribute to their SIMPLE retirement accounts is increased to $16,500, up from $16,000. Pursuant to a change made in SECURE 2.0, individuals can contribute a higher amount to certain applicable SIMPLE retirement accounts. For 2025, this higher amount remains $17,600.
  • The catch-up contribution limit that generally applies for employees aged 50 and over who participate in most SIMPLE plans remains $3,500 for 2025. Under a change made in SECURE 2.0, a different catch-up limit applies for employees aged 50 and over who participate in certain applicable SIMPLE plans. For 2025, this limit remains $3,850. Under a change made in SECURE 2.0, a higher catch-up contribution limit applies for employees aged 60, 61, 62 and 63 who participate in SIMPLE plans. For 2025, this higher catch-up contribution limit is $5,250.

Details on these and other retirement-related cost-of-living adjustments for 2025 are in Notice 2024-80 PDF, available on IRS.gov.

LeTort Trust Foundation donated $25,000 to the Bethesda Mission Community Center as its first charitable contribution under the new name.

Harrisburg, PA April 10, 2024- LeTort Trust Foundation, formerly known as the Atgooth Foundation, proudly donated $25,000 to support phase two of the Bethesda Mission Community Center expansion project. Having supported phase one of the expansion with an initial donation of $25,000 in 2016, we were thrilled to witness the profound impact it had on the youth of our community. We recognized the tremendous opportunity this brought, and we were eager to support the additional expansion. As the charitable arm of LeTort Trust, this marked the foundation’s first contribution under its new name.

The Bethesda Mission Community Center has been supporting the community for over 30 years, providing children and their families with resources and skills to help enrich their lives. In August of 2023, several members of LeTort Trust had the privilege of touring the completed project and discussing the facility’s needs for the ongoing expansion of the Community Center with the Youth Ministry Manager, Nashon Walker. Nashon shared his enthusiasm and passion for providing a safe space for the community’s youth to come and have engaged experiences with their families.

LeTort Trust President, Katie Clarke, shared, “It was Nashon’s passion for his community that inspired us to pledge our support to the organization for phase two of the Community Center expansion. This next phase will provide much-needed space for the youth and their families, so it just made sense to support their continued expansion. They were changing lives and supplying opportunities to the children and families that were part of the program, which reflected the LeTort Trust Foundation’s mission and commitment to building brighter futures in our community.”

As part of this contribution, LeTort Trust presented a check to the Bethesda Mission, symbolizing the foundation’s ongoing support for the mission’s initiatives. Accepting on behalf of the Mission was Nashon Walker, along with Cindy Mallow, Director of Development and Andre Cooper, Basketball Coach and Community Center Director. Andre shared, “That this is a huge blessing. Support from organizations like LeTort Trust, help us to facilitate our Seven C’s objectives, while expanding services to the youth and their families at the same time.”

 

 

 

To find out how you can support the Mission’s Youth Center Expansion Project, visit their website at Bethesda Mission.

About LeTort Trust
LeTort Trust is a private Trust Company, providing comprehensive Qualified Retirement Plan and Wealth Management services, designed for complex financial needs of businesses and individuals.

IRA and Retirement Plan Limits for 2024

WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023.

The IRS today also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2024 in Notice 2023-75.

Highlights of changes for 2024

The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans, as well as the federal government’s Thrift Savings Plan is increased to $23,000, up from $22,500.

The limit on annual contributions to an IRA increased to $7,000, up from $6,500. The IRA catch‑up contribution limit for individuals aged 50 and over was amended under the SECURE 2.0 Act of 2022 (SECURE 2.0) to include an annual cost‑of‑living adjustment but remains $1,000 for 2024.

The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), and most 457 plans, as well as the federal government’s Thrift Savings Plan remains $7,500 for 2024. Therefore, participants in 401(k), 403(b), and most 457 plans, as well as the federal government’s Thrift Savings Plan who are 50 and older can contribute up to $30,500, starting in 2024. The catch-up contribution limit for employees 50 and over who participate in SIMPLE plans remains $3,500 for 2024.

The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs, and to claim the Saver’s Credit all increased for 2024.

Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or the taxpayer’s spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is eliminated, depending on filing status and income. (If neither the taxpayer nor the spouse is covered by a retirement plan at work, the phase-outs of the deduction do not apply.) Here are the phase‑out ranges for 2024:

  • For single taxpayers covered by a workplace retirement plan, the phase-out range is increased to between $77,000 and $87,000, up from between $73,000 and $83,000.
  • For married couples filing jointly, if the spouse making the IRA contribution is covered by a workplace retirement plan, the phase-out range is increased to between $123,000 and $143,000, up from between $116,000 and $136,000.
  • For an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the phase-out range is increased to between $230,000 and $240,000, up from between $218,000 and $228,000.
  • For a married individual filing a separate return who is covered by a workplace retirement plan, the phase-out range is not subject to an annual cost-of-living adjustment and remains between $0 and $10,000.

The income phase-out range for taxpayers making contributions to a Roth IRA is increased to between $146,000 and $161,000 for singles and heads of household, up from between $138,000 and $153,000. For married couples filing jointly, the income phase-out range is increased to between $230,000 and $240,000, up from between $218,000 and $228,000. The phase-out range for a married individual filing a separate return who makes contributions to a Roth IRA is not subject to an annual cost-of-living adjustment and remains between $0 and $10,000.

The income limit for the Saver’s Credit (also known as the Retirement Savings Contributions Credit) for low- and moderate-income workers is $76,500 for married couples filing jointly, up from $73,000; $57,375 for heads of household, up from $54,750; and $38,250 for singles and married individuals filing separately, up from $36,500.

The amount individuals can contribute to their SIMPLE retirement accounts is increased to $16,000, up from $15,500.

Additional changes made under SECURE 2.0 are as follows:

  • The limitation on premiums paid with respect to a qualifying longevity annuity contract to $200,000. For 2024, this limitation remains $200,000.
  • Added an adjustment to the deductible limit on charitable distributions. For 2024, this limitation is increased to $105,000, up from $100,000.
  • Added a deductible limit for a one-time election to treat a distribution from an individual retirement account made directly by the trustee to a split-interest entity. For 2024, this limitation is increased to $53,000, up from $50,000.

Details on these and other retirement-related cost-of-living adjustments for 2024 are in Notice 2023-75, available on IRS.gov.

LeTort Trust announces the renaming of the Atgooth Foundation to the LeTort Trust Foundation

Mechanicsburg, PA, (March 6, 2024)- This was a move intended to better align the business success with its charitable giving, LeTort Trust proudly announces the official name change of its charitable foundation from Atgooth Foundation to the LeTort Trust Foundation.

The Atgooth Foundation was originally founded in 2011 as the charitable arm of LeTort Trust. Leveraging the financial success of LeTort Trust, the foundation has been primarily dedicated to providing financial literacy and educational opportunities for youth in the Harrisburg area.

Over the last 13 years, LeTort, through the Foundation, has supported organizations in the Greater Harrisburg and surrounding areas that have helped fulfill our mission, including The Joshua Group, Junior Achievement of South Central Pa, the Foundation for Free Enterprise Education (PFEW), Harrisburg University and the STEAM Academy, among many others. The Foundation has also extended its support beyond the general mission to respond to general community aid, through financial gifts to organizations such as the YWCA, the Bethesda Mission, Leadership Harrisburg Area, CREDC, and the Central Pennsylvania Food Bank. Since the foundation’s initiation, LeTort has supported local non-profit initiatives and organizations with direct gifts exceeding $1.5 million dollars.

LeTort Trust President, Katie Clarke, expressed enthusiasm about the change, stating, “We are excited to unveil our new identity as the LeTort Trust Foundation. The communities in which we serve have been critical to our business success. This name change brings it all together.”

The LeTort Trust Foundation’s commitment to making a positive impact in our community remains steadfast, and the name change is just the next step in our continued journey to support our local youth to live better lives and brighter futures.

About LeTort Trust
LeTort Trust is a private Trust Company, providing comprehensive Qualified Retirement Plan and Wealth Management services, designed for complex financial needs of businesses and individuals. For additional information on LeTort Trust or LeTort Trust Foundation, please visit our website at www.letorttrust.com.

LeTort Trust Announces the Appointment of Aimee Hultzapple as Communications Manager

Mechanicsburg, PA (January 23, 2024) – LeTort Trust is pleased to announce the recent appointment of Aimee Hultzapple as Communications Manager.

Communication Manager LeTort Trust

Aimee is responsible for overseeing the strategic planning of all our internal and external communications, including client communications, press releases, website administration, and the maintenance of the Financial Literacy program. She plays a key role in preserving LeTort’s story and mission. Before joining LeTort Trust, Aimee held the position of Head of Communications, where she managed strategic and corporate communications, media relations, and event planning.

Aimee earned her Bachelor of Arts Degree in Communication and Media Studies from Penn State University.

“We are thrilled to welcome Aimee to the LeTort Trust team,” said Katie Clarke, President of LeTort Trust. “We are confident in her ability to foster effective communication strategies through her art of visual storytelling and compelling narratives. Aimee brings a touch of innovation that will be critical in continuing to evolve LeTort’s digital presence and strengthen our relationships with clients and the community.”

LeTort Trust is an Independent Trust Company, providing comprehensive Qualified Retirement Plan, Personal Trust and Wealth Management services designed for the complex financial needs of businesses, institutions and individuals. For further information on LeTort Trust, please visit our website at www.letorttrust.com.

LeTort Trust Announces the Appointments of Tya Rumbel and Katrina Douglas

Camp Hill, PA (September 7, 2023) – LeTort Trust is pleased to announce growth to our Operations Team through the recent additions of Tya Rumbel as Operations Specialist and Katrina Douglas as Client Concierge.

Tya provides support to the Personal Trust department, focusing on essential functions such as client bill pay, distributions, and compiling documentation for new accounts. Tya has an extensive background in the financial services and banking industry, most recently working as a Financial Service Representative for Ameri Choice Federal Credit Union.

Katrina plays a pivotal role in creating a welcoming environment for our clients, partners, and team members. She manages front office operations and is the point of contact for clients needing assistance. Prior to joining LeTort Trust, she worked as an Administrative Assistant for Ross Buehler Falk & Co.

“We are thrilled to welcome Tya and Katrina to our growing Operations Team. Their unique skill sets align seamlessly with LeTort’s values, and their expertise will undoubtedly contribute to our mission of providing clients with top-of-the-line customer service and account management,” said Greg Campbell, Director of Operations.

LeTort Trust is an Independent Trust Company, providing comprehensive Qualified Retirement Plan, Personal Trust and Wealth Management services designed for the complex financial needs of businesses, institutions, and individuals.