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.
Survivor's Guide Checklist
This financial checklist is in no way meant to be legal recommendations and is intended to get you started on tying up loose ends related to a loved one’s passing. A couple of things to note: 1. Since each estate is unique, your own legal and accounting professionals should guide you through the overall process. 2. If you are a Trustee, the [...]
Medicare & HSAs
A quick note about the impact of filing for Medicare on HSA plans. If you are still working past 65, and are enrolled in an HSA plan through your health insurance plan, you want to be careful about your selections for Medicare.Enrolling in any part of Medicare, including enrolling only in Part A, makes you ineligible to contribute to an [...]
Retirement Plan and HSA Limit Increases for 2015
The numbers were released back in October, but the first week of January is the time where many folks increase their automatic deferrals into 401k plans and other tax favorable accounts. With that said,we thought it would be timely to remind everyone of the increase in limits for 2015. Below is a brief summary of the most common accounts we [...]
Massachusetts Employers: New Paid Sick Time Law
In November 2014, the voters of Massachusetts approved the ballot question requiring employers to provide earned paid sick time to employees. This new law comes into effect on July 1, 2015 and impacts employers of 11 or employees. Note, this is different than other regulations on healthcare that apply to "full time equivalent employees". In other words, this law accounts [...]
Year End Tax Planning
Looking for some opportunities to do some year end tax planning? Below is a link to 2 great lists from Samet & Co., a CPA firm in the Boston area. This is one of the best lists we've seen this year outlining strategies for actions you can take before year end. One for individuals and one for businesses. Tax Planning [...]
Medicare: What you need to know about Nursing Care coverage
One of the listed benefits of Medicare Part A is nursing care. However, there have been many examples of people being surprised by a bill for nursing care that Medicare said it would not cover. These situations can cur when someone is initially hospitalized, then moves to a nursing home for follow up care. It all has to do with how [...]