News: Financial Digest

Benjamin Franklin Bank opens new branch with ribbon cutting

Benjamin Franklin Bank introduced its newest branch at 430 Main St., with a two-day Grand Opening celebration. On September 27th and October 2nd more than 150 Ben customers and residents from the town and surrounding communities attended a reception and open house which introduced Ben's new motto - "Banking at the Speed of Life" and its' mascot, a cheetah named "SPEED" (secure products, easy effective delivery). Attendees were thrilled to receive a small stuffed cheetah wearing a Ben logo shirt and two lucky raffle participants won life-sized plush cheetahs. Thomas Venables, president and CEO, and Pamela Karalis, assistant vice president and community banking officer at Ben, were on hand to greet the crowds and participate in a ribbon-cutting ceremony with Brenda Fanara of the chamber, and Michael Driscoll, town manager. With the opening of the branch, Ben now has eleven convenient banking locations throughout Metrowest. Feel free to stop in at any of the Ben locations in Franklin, Bellingham, Milford, Medfield, Foxboro, Moody St. and Main St. in Waltham, Wellesley Hills, Newtonville and Watertown.
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Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
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Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange real estate investors - by Dwight Kay

Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange real estate investors - by Dwight Kay

In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one of the most tax efficient real estate investment strategies available today.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Another reason to stay debt free in a 1031 Delaware Statutory Trust exchange - by Dwight Kay

Another reason to stay debt free in a 1031 Delaware Statutory Trust exchange - by Dwight Kay

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What’s UP with that? - by Kyle Kadish

What’s UP with that? - by Kyle Kadish

Investors have multiple tools to defer tax liabilities when selling investment properties. The best known is likely a 1031 exchange - which has been around in some form or fashion for over 100 years. Installment sales have existed as part of the code for more than 75 years. Newer legislation (2017) created Qualified Opportunity Zones (QOZs)