January 22, 2020. By Kevin Donohue: With the 2020 tax season upon us and return deadlines approaching, Centerpoint Advisors would like to make this-time as seamless and stress free as possible for our clients. We work closely with our custodian to consolidate and deliver directly any tax documentation related your Centerpoint accounts. We will provide each of you with the most up to date tax documents, or with client authorization, we can … [Read more...]
Strategies from the SECURE Act and TCDR Act
January 10, 2020. By Olga Okaty: In the final weeks of 2019, two important pieces of legislation – the Setting Every Community Up for Retirement Enhancement Act (the SECURE Act) and the Taxpayer Certainty and Disaster Relief Act of 2019 (the TCDR Act) were passed by Congress and signed into law by the President. While not nearly as sweeping as the tax reforms enacted by the Tax Cuts and Jobs Act two years ago, both the SECURE Act and TCDR … [Read more...]
Charitable Giving Strategies: Many Options for Investors
December 6, 2019. By Courtney Summa: With the end of the year approaching, about a third of the year’s annual giving takes place. It’s wonderful to see so many people supporting worthy charitable organizations to help make a difference. Whether you support our veterans, the environment, animals, cancer research, or our fellow man, there are many charities that can use the help. When individuals consider donating to a cause, many typically … [Read more...]
HSAs: An Option Worth Considering
September 25, 2019. By Matt Okaty: If you believe that the majority of your healthcare costs in retirement will be paid for by Medicare, then you may be in for a wakeup call. According to an annual study by Fidelity, a 65-year old couple retiring this year will need approximately $280,000 to cover health care and medical expenses throughout retirement. That’s after-tax dollars, which means if the money were held in a retirement … [Read more...]
How to Semi-Retire Successfully
August 22, 2019. By Olga Okaty: Every day roughly 10,000 people retire in the United States, and this number is steadily increasing year after year. Average census projections predict that by 2030 this number will increase to around 12,000 people daily, as the boomer generation reaches retirement. According to U.S. News, a Gallop poll determined that the average American worker expects to retire around age 66, but actually retires in some … [Read more...]
Behind the Scenes: Client Service and Reporting
July 25, 2019. By Courtney Summa: When someone asks me what my role entails at Centerpoint Advisors, my general response is that I work primarily on the reporting side of investment management, even though my responsibilities include much more than report preparation. As Customer Service and Reporting Associate, I also lead the maintenance of our reporting software, the organization and distribution of tax documents, and work directly with our … [Read more...]
Client Notice: Tax Documents and Trusted Contacts
February 27, 2019. By Courtney Summa: With tax season upon us and accountants quickly filling their schedules, we wanted to provide an update regarding the delivery of your tax documents and the recent request for trusted contact designations: Tax Document Delivery Status: With some deadlines mere months away, we understand the importance of delivering the tax documents related to your Centerpoint accounts and portfolios in a timely manner. … [Read more...]
Exchange Traded Funds or Mutual Funds?
August 23, 2018. By J.D. Wolfsberg: No one can accuse the financial world of being predictable. As the landscape continuously changes, so do the investment vehicles and products offered. Many investors feel they are better off purchasing a fund or ‘basket’ of securities rather than purchasing individual stocks, effectively competing against those with expansive expertise in the markets. There are certainly benefits to owning these baskets of … [Read more...]
Repost: Is it Time to Schedule Your RMD
Original Post: August 23, 2016. By Lori Patterson: Lori originally posted this article in 2016 but yet again here we find ourselves in the tail-end of summer 2018 in need of a good reminder about Required Minimum Distributions. Read more for what you need to know about RMDs: It is hard to believe another summer will soon be behind us and the fall season is a mere weeks away. As it adds color to our landscape, the autumn also adds … [Read more...]
Yields on Money Market Funds are Moving Up-Finally
July 17, 2018. By John Wolfsberg: It wasn’t too long ago that yields on most money market funds were essentially zero. In fact, had most mutual funds levied their full management fee on these types of funds the yield would have been negative! When the financial crisis hit in 2008 the Federal Reserve responded by drastically reducing interest rates and embarking on an extensive bond buying program. Their goal was to drive interest rates so … [Read more...]
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