We at J SINGLETON FINANCIAL focus the majority of our time on giving thoughtful financial advice to our clients. However, from time to time we find ourselves sourcing additional ways that we can have an impact in our community. We do not claim to be musical geniuses, but this past week our office got a chance to practice our singing with Jim Gill and 400 or so of Teton County’s youth.
J SINGLETON FINANCIAL partnered with the Teton County Library Foundation by sponsoring a sing-a-long with Jim Gill at the Center for the Arts. Prior to the sing-a-long, the JSF team donned aprons and hats handing out pizza and snacks to the families in attendance. We then joined the fun with our own families – dancing and singing to the energetic tunes.
Events like this really highlight how special a place Jackson Hole is. Special because of organizations like the Teton County Library Foundation. Thank you TCLF! Thank you for putting together the Jim Gill event and allowing us to be the sponsor. It was a very rewarding night for our team seeing all of the happy faces singing and dancing to the music.
You can find more information about Jim’s recordings, books, and information on how to contact Jim regarding booking an event at www.jimgill.com .
** Raymond James is not affiliated with and does not endorse the opinions or services of Jim Gill, the Center for the Arts, or the Teton County Library Foundation.
Take a look at how your retirement benefits can replace your workplace paycheck.
January 30, 2019
Retirement may evoke thoughts of long, relaxing days and free afternoons with your grandchildren. But while this period of unstructured time can be sweet and easy, it also requires doing your due diligence to prepare for a myriad of more practical changes. While you’re planning your retirement, you’ll need to address how your retirement benefits will compensate for your workplace ones. Doing so could help preserve your retirement fund and offer you something more precious than money: security and comfort.
By collaborating with your financial advisor, you can establish strategies to pay for essentials such as healthcare as well as determine income-generating methods to cover your paycheck in retirement. Here are a few topics you’ll want to cover.
https://jsingletonfinancial.com/wp-content/uploads/2019/02/3702_l.jpg300950Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2019-02-05 09:17:532019-02-05 09:17:53Sorting Through the Benefits of Retirement
Over this past weekend, Judy had the pleasure of spending time with Mary (Cece) Florence born to Adam and Emily Janak. Cece is already rocking her Raymond James swag and will be our future graduate. Welcome to the world Cece and congratulations to Emily & Adam!!!
https://jsingletonfinancial.com/wp-content/uploads/2019/01/Mary-Cece-Florence-Janak-widescreen.jpg270479Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2019-01-31 08:05:062019-01-31 08:05:49Our Next Graduate!!
J Singleton Financial would like to share with you an interview Judy had the pleasure of doing with Stephan Abrams for The Jackson Hole Connection, a podcast created and inspired by the many stories of the wildly interesting folks connected to Jackson Hole.
Below is a brief description of Judy’s interview with Stephan.
“In this week’s episode of the Jackson Hole Connection, Stephan visits Judy Singleton. Judy is a entrepreneur, financial planner, world traveler, and a former Yellowstone Parkie. Judy started visiting Jackson Hole on family road trips in the 50s. At the advice of her sister, Judy’s first solo experience out in Wyoming was working a summer in Yellowstone at the Snow Lodge in 1971. In 1984 after opening a successful candy and nut shop in Alabama, Judy decided to take her business up to Teton Village.
Stephan and Judy talk about ambition, hitch hiking, being a Parkie, opening a business, traveling by train, surviving in Jackson Hole, learning new skills, and what motivated Judy to become a financial planner.”
https://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.png00Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2019-01-11 15:09:112019-01-14 08:55:35Work Hard, Play Hard & Pay It Forward with Judy Singleton By Stephan C Abrams
Read the weekly economic commentary from Chief Economist Scott Brown.
January 4, 2019
Financial market volatility remained elevated in the first few days of 2019, but it’s much more palatable when it is to the upside. Market participants remained concerned about a number of issues (global growth, trade policy, dysfunction in Washington), and fear remains a key factor in the outlook. Whether that fear abates or intensifies will tell the tale.
The employment report is composed of two separate surveys. The establishment survey (which covers 149,000 businesses and about 651,000 individual worksites) generates estimates of payrolls, wages, and hours. The household survey (of some 60,000 eligible households) yields reasonable estimates of the unemployment rate and labor force participation but terrible estimates of the monthly level of employment. The establishment survey covers the pay period that includes the 12th of the month (which can vary from firm to firm). The household survey is taken during the week of the 12th. The December Employment Report included annual benchmark revisions to the household survey data, but this was a very mild revision. The annual benchmark revisions to the establishment survey data (which ties the payroll estimate to actual payroll tax receipts) will be released next month, but early indications from the Bureau of Labor Statistics suggest that this will be a relatively modest revision.
With the holiday season in full swing J Singleton Financial wanted to spread some holiday cheer to the residents and families at Jackson’s local nonprofit, Community Safety Network. CSN supports lasting change in the lives of those affected by domestic violence, sexual assault, and stalking.
We asked the residents to compile a list of their Christmas wishes and we checked it twice! The JSF team spent one afternoon wrapping the presents with some of us learning to wrap for the first time. Another afternoon was spent as Santa’s elves delivering everything to Andy Cavallaro and the rest of the CSN staff.
The JSF Team is so grateful to be given the opportunity to collaborate with everyone at Community Safety Network and will cherish this memory. We hope we were able to brighten the holiday season for those currently residing at CSN the way they were able to brighten ours!
The JSF Team
Raymond James is not affiliated and does not endorse the Community Safety Network.
https://jsingletonfinancial.com/wp-content/uploads/2018/12/Team-with-presents-edit-2.jpg22463994Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2018-12-21 14:12:062018-12-21 14:12:06‘Tis the Season to be Giving
Larry Adam, CFA, CIMA, CFP, Chief Investment Officer, PCG
Why have the markets been so volatile lately? Chief Investment Officer Larry Adam shares his thoughts about the recent market activity.
December 10, 2018
Times of market volatility often bring feelings of apprehension and uncertainty which makes it all the more important to take stock of the underlying market data. The below piece from our Chief Investment Officer Larry Adam does just that.
https://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.png00Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2018-12-10 15:09:102018-12-11 13:00:52THOUGHTS ON THE MARKET
With open enrollment season upon us, ask yourself a few questions to make sure you’re getting the most from Medicare.
October 4, 2018
Medicare’s open enrollment season is upon us. That means between October 15 and December 7, you are able to make changes to your Medicare Advantage and prescription drug coverage.
During this time, you can change from Original Medicare to a Medicare Advantage plan or vice-versa or switch from one Medicare Advantage Plan to another Medicare Advantage Plan. You can also join a Medicare advantage or Medicare prescription drug plan for the first time or drop your drug coverage completely.
Even if you’re satisfied with your current plan, open enrollment presents a great opportunity to make sure you’re getting the most out of Medicare. Every year you should compare your current plan to other plans in your area in case another plan offers better health and/or drug coverage at more affordable prices.
https://jsingletonfinancial.com/wp-content/uploads/2018/10/open-enrollment.jpg300950Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2018-10-12 08:56:052018-10-12 08:56:05Making the Most of Medicare's Open Enrollment Period
Learn more about how savings contributions affect your student’s financial aid eligibility.
September 5, 2018
As you save for a child’s or grandchild’s future education, you might wonder what impact that saving will have on their chances of qualifying for financial aid. There are several types of financial aid (federal, state and institutional), but federal aid is the most widely dispersed and is based solely on financial need.
https://jsingletonfinancial.com/wp-content/uploads/2018/09/College-Savings.jpg300950Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2018-09-14 08:20:532018-09-14 08:22:03How Do College Savings Affect Aid Eligibility?
Last week the JSF office went to Jackson Hole Mountain Resort (JHMR) for a team building activity. Our goal – the Via Ferrata! For those who do not know, Via Ferrata was installed at JHMR and translates to “iron way”. Fun fact, this type of climbing apparatus dates back to WWI and was used to help armies traverse mountains. It is a fixed cable on the mountain climber’s use as an aid and we highly recommend giving it a try.
JSF’s primary purpose is managing risk for our clients. Therefore, what better way to build our bond as a team then to rely on each other to assist in managing the Via Ferrata. The initial climb was intimidating, but with encouragement and team work we all climbed to the summit and traversed the suspension bridge over Casper Bowl. Great work team!
These versatile savings accounts might be the estate planning vehicle you need to learn about.
August 29, 2018
Sure, most of us associate 529 accounts as college-saving vehicles. They’re flexible, allowing you to transfer assets to anyone, including yourself, for the express purpose of furthering the education of your beneficiary. But did you know that a 529 can be a powerful estate planning tool, too?
Early on in my career one of my mentors pressed upon me the importance of giving back. That advice has continued to pay dividends throughout my 24+ year financial career. The joy and fulfillment received in helping others remains one of my fundamental drivers. Furthermore, this giving back mentality is also shared with our partner – Raymond James Financial. Each year Raymond James dedicates the month of August to giving back and challenges all of its employees and partners to participate. Challenge accepted!
This month the JSF team volunteered at Teton Literacy Center. Hopefully you already know about this wonderful organization providing after school enrichment clubs, summer camps, tutoring, and family literacy programming – all at zero cost to their clients. I have listed their website below if you want to find out more about how they continue to make Jackson Hole a better place.
Last Thursday afternoon our office purchased the entire back to school supply list for all of TLC’s summer camp students. We set up a store of the supplies and then passed them out to the excited students. Seeing the children’s enthusiasm for learning was by far my favorite take away. Organizing events like this take a great deal of work and I would like to personally thank Laura Soltau – Executive Director, Kristin Livingstone – Associate Director, and the entire Teton Literacy Staff for helping make the afternoon possible.
Raymond James is not affiliated with Teton Literacy Center, Laura Soltau or Kristin Livingston.
https://jsingletonfinancial.com/wp-content/uploads/2018/08/IMG_4045-002.1.jpg13672994Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2018-08-20 08:43:432018-08-22 11:41:48J SINGLETON FINANCIAL and Teton Literacy Center
As the number of cyber breaches increases, efforts to safeguard your business should increase, too.
August 1, 2018
A recent report on data breaches says that 58% of malware attack victims are categorized as small businesses. And the attacks are increasing: 61% of small businesses have experienced a cyber breach in the past 12 months – up from 55% in 2016.
With this kind of data, it’s no wonder that the MAIN STREET (Making Available Information Now to Strengthen Trust and Resilience and Enhance Enterprise Technology) Cybersecurity Act of 2017 has been proposed. Once law, it will require the National Institute of Standards and Technology (NIST) to provide cybersecurity resources specifically geared for small businesses.
https://jsingletonfinancial.com/wp-content/uploads/2018/08/Protecting-Your-Business-from-Cyberattacks-.jpg300950Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2018-08-08 08:58:472018-08-08 08:58:47Protecting Your Business from Cyberattacks
In researching 10th anniversary gifts I came across an article that explained the traditional anniversary gift is tin, or aluminum… That just didn’t seem to fit so I read a bit further and saw that the modern day gift is diamonds. That struck a chord with me, being that I feel like – on the 10th anniversary of J SINGLETON FINANCIAL – I am surrounded by a group of diamonds. Colleagues and clients alike.
This past week JSF celebrated 10 years with a company gathering in my back yard. It seems like yesterday that I packed everything up at the Jackson State Bank and walked across the street to open my own practice. I feel blessed not only by a great staff but also by all of the wonderful clients that I have had the pleasure of working with – some for over 20 years! On this anniversary I say thank you to everyone who has helped make J SINGLETON FINANCIAL the practice it is today. Thank you for putting your trust with us, and I look forward to seeing what the next 10 years hold.
For the first time since 1982, Social Security is dipping into its trust fund to pay benefits. What does this mean for future recipients?
June 11, 2018
The board of trustees for Social Security recently issued their 2018 annual report. Once again, this year’s report provided a dark reminder that the fiscal health of the program has further deteriorated. Like last year’s report, Social Security’s trustees said the program’s trust fund would be depleted in 2034. However, unlike last year, for the first time since 1982, Social Security has to dip into the fund to meet its obligations. Treasury Secretary Steven Mnuchin said in a statement that “lackluster economic growth in previous years” and an aging population have contributed to the shortage.
https://jsingletonfinancial.com/wp-content/uploads/2018/06/social-security-.jpg300950Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2018-06-19 07:59:352018-08-30 15:37:08Social Security Taps Trust Fund; Should You Be Worried?
This last month Hadyn and I attended Raymond James’ national conference in Washington D.C. Time was spent visiting historic sites (The White House & Mount Vernon), professional development, and meeting with some of the best and brightest the financial industry has to offer. A few highlighted speakers that we heard from were Andy Friedman, commonly referred to as “one of the nation’s most sought-after speakers on all things political”, Robert Gates, former US Secretary of Defense, and Adam Alter, who spoke about our society’s current addiction to screens.
We also attended two intimate dinners – one with Jeff Saut, Raymond James’ Chief Investment strategist, and one with James Camp Co-portfolio manager of Eagle Strategic Income. Both dinners were very productive.
The conversation at dinner with James Camp centered on the discipline that it takes to stick to an investment strategy when it is out of favor with what is currently popular. In a day and age where everyone seems to have the secret to the next investment home run it was good to hear some level headed thoughts about keeping it simple and investing in high quality – so called “boring” investments.
Our night out with Jeff Saut was a real treat. We went to dinner a top the W Hotel adjacent the White House. Being able to discuss the markets one on one with Jeff was amazing. He reiterated why he thinks the markets are headed higher and we are in a secular bull market – “The economy is stronger than a garlic milkshake!”.
All in all it was a very productive trip. Every now and then it is good to step away from day to day obligations and spend time focusing on how we can better serve our clients. We cannot wait to take the insights we learned and improve our deliverables to our clients.
Any opinions are those of Judy Singleton and not necessarily of Raymond James.
https://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.png00Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2018-06-08 15:42:522018-06-12 15:33:47JSF VISIT TO RJ NATIONAL CONFERENCE
This past weekend J SINGLETON FINANCIAL sponsored the 6th annual Touch-A-Truck. This event is put together by the wonderful staff and volunteers of the Jackson Hole Children’s Museum. The event allows children of all ages to explore vehicles of all sorts in a safe supervised environment. Our kids and grandkids – as you can tell – had a fabulous time!
Mother’s Day is a time to take a moment and show appreciation to some of the most important people in the world – our Moms. We celebrated a few wonderful mothers by hosting a brunch at The Club at 3 Creek on Mother’s Day this year. Thank you to all of the other mothers out there doing the million things that assure that this world is filled with love. – Judy
https://jsingletonfinancial.com/wp-content/uploads/2018/05/2018-Mothers-Day-Brunch-.jpeg13642048Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2018-05-30 12:20:362018-06-07 09:39:48Mother’s Day Brunch
It’s that time of year again. Tax Season! We know that it can be a stressful time for clients and their CPA’s – so we put together these “tax” baskets to help our local CPA partners get to the finish line.
April 17th is the deadline this year and it is right around the corner. If you have not received your Raymond James tax forms please give us a call and we will get them to you ASAP.
Thank you to our office manager Angela Cook for spearheading this much appreciated project. The baskets look great!
It may seem like common sense, but going back over the information you enter may be the most important part of your tax filing duties.
March 6, 2018
It’s tax time. And as you work with your advisor or tax preparer to maximize your refund, or at least minimize what you owe, keep in mind that one of the most important things taxpayers can do to limit errors is to double-check the information they input into software or a printed form.
It may seem like common sense, but going back over the information you enter may be the most important part of your tax filing duties. As you know, it’s very easy to put a figure on the wrong line – in fact, one of the most common errors is not putting in the right Social Security numbers for you, your spouse and your dependents. An error like that can cause a significant delay in the processing of your return or, even worse, could trigger an audit.
So do make an effort to recheck what you’ve entered before moving to the next line or screen. While you’re going back over your return for wrong entries and typos, take the time to look up numbers such as cost basis for investments sold and real estate tax paid, rather than estimating. And double-check your math, too, because simple miscalculations can commonly lead to errors as well.
https://jsingletonfinancial.com/wp-content/uploads/2018/03/IRS-Return.jpg300950Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2018-03-20 09:13:222018-03-20 09:13:22Double-Check Before Filing Your IRS Return
The road to and through retirement is dotted with time-sensitive financial planning milestones.
January 23, 2018
Not all birthdays are about a driver’s license, getting to vote or toasting with a glass of wine. Some are important to your comfort in retirement, too. No matter who you are, the years leading up to and during retirement contain a number of key financial planning opportunities worth capitalizing on. You and your spouse may hit these dates at different times, so be sure to coordinate before making any decisions.
https://jsingletonfinancial.com/wp-content/uploads/2018/02/Benefit-from-Your-Birthdays.jpg300950Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2018-02-22 08:30:072018-02-22 08:30:07Benefit from Your Birthdays
Ed Mills, Washington Policy Analyst, breaks down the major components of the new tax legislation.
January 11, 2018
The tax bill lowering the corporate tax rate and making a number of adjustments to the individual tax code was signed into law on December 22, 2017. The final tax bill sets a corporate tax rate of 21% starting January 1, 2018, and makes a number of changes to individual tax rates (including lowering the top individual to 37%). Key changes on the individual side include doubling the standard deduction ($12,000 for individuals and $24,000 for joint filers) but the bill reduces and/or removes many existing deductions. On the corporate side of the bill, businesses will have the benefit of 100% depreciation of qualified capital expenditures for the next five years, repeal of the corporate AMT, and a shift towards a territorial tax system (from a worldwide tax system). The bill also repeals the individual mandate of the Affordable Care Act (ACA). In this report, we review the changes to the corporate and individual tax code and cover next steps on tax legislation in 2018.
Ed Mills, Washington Policy Analyst, breaks down the major components of the newly approved tax legislation.
December 20, 2017
The tax reform bill lowering the corporate tax rate and making a number of adjustments to the individual tax code has been approved by Congress and is set to become law. The final tax bill sets a corporate tax rate of 21% starting in 2018, a top individual rate of 37%, the repeal of the corporate AMT, a $1 million phase-out threshold inclusion for the individual AMT, a $750,000 mortgage interest deduction cap through 2025, a 20% deduction on pass-through income, an increase in the estate tax exemption (but not repeal), a $10,000 deduction for state, local, sales or property tax (SALT), 100% deduction of cap-ex for five years, maintaining the deductibility of interest from private activity bonds, and a repeal of the individual mandate of the Affordable Care Act (ACA). In this report, we review the effects of the final provisions and cover next steps for Congress as we head into 2018.
Congress has cut back some of the loopholes married couples once used to enhance their lifetime household Social Security benefits, restricting it to a dwindling pool of near-retirees. But that doesn’t mean claiming your Social Security benefits is a no-brainer.
By understanding how Social Security benefits and spousal benefits are calculated, you can make an informed decision when retirement comes. The Social Security Administration itself says there’s no “best age” to file, just the age that fits your retirement goals.
A few things to consider, and some links to Social Security’s helpful website:
https://jsingletonfinancial.com/wp-content/uploads/2017/12/BlogPostSocialSecurity.jpg300900Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2017-12-19 10:01:012017-12-19 10:37:39What’s the Best Age to Claim Social Security?
Raymond James, Point of View. Defend yourself with simple, everyday practices that can help protect your identity, your accounts and your devices.
October 3, 2017
Americans lose tens of billions of dollars each year to financial fraud. In the digital frontier, many crimes – including identity theft, tax fraud and elder abuse – are committed by online outlaws, making cybersecurity all the more important. As cybercrime becomes more prevalent, learn how to defend yourself with simple, everyday practices that can help protect your identity, your accounts and your devices.
Margarette Burnette is a staff writer at NerdWallet, a personal finance website, provides insight on how toprotect your identity when you travel.
Oct 2, 2017 10:40 a.m. ET
If you’re traveling far from home, you probably want to do all you can to make sure your wallet or purse doesn’t end up in the wrong hands. But according to a recent Experian ProtectMyID survey, 30% of travelers have experienced identity theft while away from home or know someone who has.
https://jsingletonfinancial.com/wp-content/uploads/2017/10/MW-FU881_nerd_i_20170922111518_ZH1-1-1.jpg300900Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2017-10-09 10:12:522017-12-29 08:57:30How to protect your identity when you travel
Pavel Molchanov, Senior Vice President and Energy Analyst, comments on the United States’ announced withdrawal from the climate change agreement.
June 2, 2017
President Trump yesterday announced – confirming press leaks from earlier in the week – that the U.S. will withdraw from the Paris Agreement on climate change, which was signed in December 2015 and took effect in November 2016. What does the decision to exit mean in economic practice, separate from the PR and diplomatic consequences? Here is the short answer: It means virtually nothing.Press coverage of this issue has (incorrectly) portrayed the president’s decision as an impactful and even pivotal policy step. But it is purely a matter of political symbolism, with no substantive read-through in terms of how energy is produced or consumed in the U.S. market. In particular, we would underscore that the trend visible across the U.S. power sector (coal losing share, natural gas and wind/solar gaining) will not be affected in any sense by the Paris withdrawal.
https://jsingletonfinancial.com/wp-content/uploads/2017/06/2870_l.jpg300950Hadyn.Peery@raymondjames.comhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2017-06-06 13:12:082017-06-21 11:44:52US Exit from Paris Climate Agreement Changes Very Little
Read the weekly investment strategy commentary from Chief Investment Strategist Jeff Saut.
June 5, 2017
“Never say never. Never say always. Always reevaluate. And never give up.”
. . . An old Wall Street wag
Upon entering this business in 1971 my father gave me this advice:
“Son, if you think the stock market is going up be bullish. If you think it is going down be bearish, but for gosh sakes take a stand! There are far too many folks in this business that talk out of both sides of their mouths such that no matter what the stock market does they can say, ‘See, I told you that was going to happen.’”
https://jsingletonfinancial.com/wp-content/uploads/2017/06/invstrat_l-1.jpg300950jsingletonhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngjsingleton2017-06-06 12:37:232017-06-21 11:44:49Never Say Never
Smart strategies can help high-income earners reduce their Medicare taxes and overall tax bill.
February 23, 2017
We’ve had a few years now to get familiar with the Medicare payroll tax and surtax that went into effect at the beginning of 2013. If you need a reminder, taxpayer with modified adjusted gross income (MAGI) of $200,000 for individuals or $250,000 for couples filing jointly face a 3.8% surtax on net investment income or the amount of MAGI that exceeds the thresholds prescribed for high-income taxpayers. The second 0.9% Medicare payroll tax applies to wages and self-employment income over the same MAGI thresholds. And while we may have gotten more used to the higher tax, that doesn’t mean we shouldn’t look to smart planning to avoid overpaying. Talk to your financial advisor, alongside your accountant or tax advisor, to identify and implement the strategies that are most advantageous for your situation. Here are some options to consider.
https://jsingletonfinancial.com/wp-content/uploads/2015/01/BlogPost1-1.jpg300500jsingletonhttps://jsingletonfinancial.com/wp-content/uploads/2017/05/JSingletonBlack.pngjsingleton2017-02-23 18:20:212017-06-21 11:44:47Mitigating the Medicare Surtax
At J Singleton Financial, located in Jackson, Wyoming, our team provides our clients the information they may need to choose the most suitable investment products and services for their specific financial needs, including asset management, retirement plans, trust services, managed accounts, 401(k) plans, life insurance and more.
J Singleton Financial
170 E Broadway Suite 100D
P.O. Box 508
Jackson, WY 83001