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.
Hiring Household Help? Don't Forget about your FSA.
Since this is the time of year where families may have just made some change to their household help either for their children or an elderly parent, it is a good time to make sure you are aware if your company offers a Dependent Care Account (Flexible Spending Account). Below is a case study that summarizes one family’s experience weighing [...]
DEADLINE: Switching from a SIMPLE IRA plan to a 401k
So here are the numbers for 2015: If a company currently has a SIMPLE IRA plan, the employee can defer up to $12,500/yr., plus an additional $3,000 if they are over age 50. The employer can choose to make a 2% non-elective contribution (more about this at the IRS website ) or match employee contributions, up to 3% of compensationSIMPLE IRA Summary: [...]
Changes to the Federal Student Aid Process
This month, President Obama announced some significant changes to the FAFSA program starting next year. One of the key changes to be aware of is changing the date when you are able to submit an application. Starting next October, you will be able to file as early as October 1st, as opposed to January 1 under the current rules. This [...]
Save the Date | Planning for Medicare
Single Point Partners is hosting an educational Webinar on Medicare. This presentation is geared towards people approaching Medicare eligibility or already on Medicare; it covers the enrollment timeline, Medigap plans, availability to early retirees, and much more.Online WebinarWe will email you instructions on how to view the webinar when the event gets closer.Wednesday, September 30th2:00pmFor updates on this event visit:http://planningformedicare.splashthat.com
Filing For Social Security Online
Mary Beth Franklin, who writes extensively on issues involving social security, has published the below article on the benefits of filing for social security benefits online instead of calling or going to a physical office. With so many couples using strategies like File & Suspend, it is a great article to read if you are going to file online. One [...]
Should Kid's Have To Do Chores For Their Allowance?
This is just one of many questions raised and explored around the subject of teaching kids about money in Ron Lieber's book "The Opposite of Spoiled". The book visits with parents around the country to discuss ways to help kids learn about money, and help parents learn how to talk to their kids about money. Too often, the first time [...]