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.
Update: Year-End Tax Reform Planning
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. Standard Deduction The standard [...]
Year-End Tax Reform Planning
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 insight into beneficial tax [...]
The Conversation Project
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 conversation that most families [...]
Roll-Back Your IRA?!
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 roll the balance to [...]
Boston Business Journal Profile: Rene Jarquin
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 Rene Jarquin, chief investment [...]
The Twisted Logic of IRA-Rollovers
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 costs/benefits; and in some [...]