Looking at pictures will really put time into perspective. 6 years ago we launched Single Point Partners. I think the picture that helps me realize how time has passed the most is of my daughter Annemarie sitting at my “desk” in 2012 contrasted with her in my office today. Like Annemarie, Single Point has “grown up” [...]
A full-blown trade war, though unlikely, would be very damaging to equities. What happened? President Trump announced that he plans to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum. Why does it matter? A ‘full trade war’ is not something we have seen since the Smoot-Hawley Tariff Act of 1930 [...]
Every year the big Wall Street banks publish their year-end targets for the S&P500. Think of these as a gauge of Wall Street’s collective wisdom. Their well-paid researchers crunch a ton of market and economic data. I will save you the suspense – their forecasting ability would be laughable, if it wasn’t for the fact that [...]
Last week we summarized the House and Senate proposals for the Tax Cuts and Jobs Act (http://www.spcfo.com/single-point-of-view-blog/entry/singlepointofview/year-end-tax-reform-planning.html) including Action Steps relating to your year-end tax planning. Since then, the House and Senate reconciled a final tax bill and, as of yesterday, the bill has been approved by Congress. Below are the details of the final bill. [...]
Given the passage in both the House and Senate of the Tax Cuts and Jobs Act, the stakes for year-end tax planning are higher than usual. We do not know what final legislation will look like when it comes out of reconciliation but there are themes in the House and Senate tax bills that give us [...]
Many of us will be enjoying the next few days surrounded by family and friends. I'm thankful to have this time to spend with mine. There will be conversations about kids, sports, work, and I'm guessing in many houses in America, politics (hoping to avoid the last one at our Thanksgiving dinner). There is another [...]
A quick Google search yields HUNDREDS of articles explaining why you should roll a 401(k) to an IRA – but as our Chief Investment Officer, Rene, alluded to in his recent post “The Twisted Logic of IRA Rollovers”, there may be reasons to keep retirement assets in an employer sponsored qualified plan (401(k), 403(b), etc.) or [...]
We are very proud to see this profile of Rene Jarquin and SPP in this week's Boston Business Journal. Hope you enjoy reading about him. Outside the Box: Rene Jarquin builds social capital in wealth management Single Point Partners CIO says know the clients you are working for Nov 3, 2017, 6:00am EDT W. MARC BERNSAU [...]
Rolling your 401(k) or 403(b) retirement balance into a broker's 'managed IRA' program is too often the wrong choice done for the wrong reasons. 'Financial Advisors' will justify the roll-over based on claims of broader choice, greater control and simplification at no extra cost. More often than not, these arguments are based on incomplete disclosures of [...]
Fall marks the start of health insurance renewal season for most. If you are a client, we will be reaching out to you directly to assist you in evaluating the various plan options available to you to identify the best solution for you and your family given how your circumstances have changed over the past year. [...]
