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 [...]
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 [...]
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 [...]
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 [...]
We wanted to say thank you to Emily Green for her 3 plus years with us. Emily has been with us since the inception of Single Point. Among many other roles, she designed the look and feel of our company's brand from our website to brochures, etc. Emily will be greatly missed. However, we are very [...]
To kick off the Financial Planning Association Conference Weekend, Single Point hosted a group of Financial Planners from Brazil. There were interesting conversations on many aspects of financial planning and investing, both domestically and cross-boarder. We also shared some of the resources and best practices we utilize to help serve our clients. The worlds of financial [...]
If you weren't able to catch our webinar on Medicare, you can watch the recording here: http://spcfo.com/planning-for-medicareAs always, feel free to contact us with any questions. Call 617-600-0510 or email info@spcfo.com
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 [...]
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% [...]
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 [...]
