Single Point of View

Single Point of View is our way to occasionally share planning ideas relating to personal finance. Our goal is to pass along concepts that you may not be exposed to on a daily basis.

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Rene Jarquin: SPP Welcomes New Partner

Rene Headshot 4Each decision we make at Single Point starts with the question: “Will this improve the quality of advice, service, and overall experience for our clients?” Never have I been more certain of the answer to that question than when making the decision to bring on our new partner, Rene Jarquin. I am very excited to share the news that Single Point Partners is welcoming Rene Jarquin to the firm as Chief Investment Officer.  Rene is a deep investment thinker who will elevate our cross-asset allocation and research capabilities.  Rene is someone I have worked closely with, and known personally, for over 6 years.   As we explored the possibility of Rene becoming part of the Single Point family, we started with a shared vision of financial advice being a partnership between our clients and us.  We strongly believe that a team approach built with members with unique areas of expertise and...
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Fidelity Trading Costs Reduced

Very good news for our clients with accounts held at Fidelity.  Fidelity has announced that it has reduced trading costs on equity trades (including Exchange Traded Funds) from $7.95 to $4.95 per trade.  As you may know, there are a number of iShares ETFs that trade at no cost on Fidelity's platform as well.     We wanted to make you aware of this change as it impacts many of you (in a positive way).
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MA now offers tax deduction for 529 contributions

If you live in Massachusetts, and are currently utilizing a 529 plan for college savings, you should consider reviewing which plan you are using.   Effective January 1, 2017 through the 2021 tax year, contributions to Massachusetts 529 plans of up to $1,000 per year by an individual, and up to $2,000 per year by a married couple filing jointly, are deductible in computing Massachusetts taxable income.   The catch is you have to use the MA state sponsored plan.  Luckily, this is a good plan managed by Fidelity its called the U.Fund).  They have improved the plan over the years, including lowering fees on the investment options (through the Fidelity Index Funds available in the plan).   Prior to this change in tax law, we helped clients choose the right plan for them based on a number of factors.  This becomes one of the factors in deciding the appropriate plan...
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An Intern's Experience at Single Point

We were very fortunate to have Liam Cronan spend several weeks with us in May as part of his high school senior project.  He was finishing up his senior year at Thayer Academy and will be starting at Bentley University in fall.  He has a great work ethic, quickly completed projects and was eager to help.  It was great to have a fresh perspective on how we can improve our services.  Many of you may have read the informative  blog he wrote on children and money. As part of the project, Liam was required to write about his experience.  We thought it would make for some light summer blog reading: For the better part of the month of May, I had the pleasure of the opportunity to work as an intern at Single Point Partners in Boston.  Single Point was founded in 2012 by Mr. Shaun Erickson, a Bentley college (the school...
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Welcome to the new Single Point of View

Same content, new page.  We've moved our Single Point of View blog directly onto the www.spcfo.com website.  You'll notice a slightly new look to the blog.  We plan to continue using this format for communicating planning related thoughts and educational information to you.     We've also set up a Single Point Partners Facebook page if it is easier for you to follow us there.  
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