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.
Social Security: After April 29
In previous posts we outlined the beginning of some big changes to social security claiming strategies this year.http://singlepointpartners.blogspot.com/2015/10/congress-makes-changes-to-social.htmlhttp://singlepointpartners.blogspot.com/2015/11/important-dates-for-new-social-security.htmlNow that the important date of April 29th has passed what should you be aware of. One item we wanted to draw your attention to is the File & Suspend strategy for individuals. File & Suspend is still an option for individual filers, [...]
Thoughts on the Recent DOL Ruling
I read a study recently that stated only 30% of those who refer to themselves as financial advisors actually provide any level of financial planning. One can only imagine that within that 30%, it is only a subset who are truly focused on planning vs. those who provide some planning as an ancillary service. So what are the [...]
How To Read a Financial Aid Award Letter
It is the time of year that many students are receiving acceptance letters to colleges. With that comes navigating the financials involved with paying for it. Below is an article from EFC Plus with an explanation on how to read a Financial Aid Award Letter. The most important part of analyzing the information is in separating the merit-based aid and [...]
Stock Markets & Tax Information
This was an email we sent to our clients last week that we wanted to share on our blog.To state the obvious, it has been a difficult start to the year for global stock markets. I don’t want to add to the noise you hear on TV or read about. As you know, predictions on where its going from [...]
Important Dates for New Social Security Claiming Strategy Rules
With the new rules for Social Security claiming strategies it is important to know the relevant dates to take advantage of the old rules. For many, this will be out of your hands. However, for those right around the Full Retirement Age right now (66), knowing these dates and acting in time could allow you to take advantage of a [...]
Congress Makes Changes to Social Security and Medicare
As part of the Federal Budget deal passed by Congress (still to be voted on by Senate) there are a couple of major changes to both Social Security and Medicare.Social Security File & Suspend Claiming Strategy Eliminated:We have worked with many clients to develop a plan to maximize social security benefits. Often times, this planning included a strategy commonly called [...]